2016 with TNIE

Business Diary 2016: Mergers and acquisitions that made news, at home and abroad

While it is to be seen if the decision of India’s Finance Minister to merge the national railway and general budgets as one from 2017 is productive for the public, take a look at some of the prominent mergers & acquisitions that took place in the world of business in 2016.
While it is to be seen if the decision of India’s Finance Minister to merge the national railway and general budgets as one from 2017 is productive for the public, take a look at some of the prominent mergers & acquisitions that took place in the world of business in 2016.
While it is to be seen if the decision of India’s Finance Minister to merge the national railway and general budgets as one from 2017 is productive for the public, take a look at some of the prominent mergers & acquisitions that took place in the world of business in 2016.
From our online archive
Updated on: 
2 min read
India’s leading e-commerce company Flipkart, through its subsidiary Myntra, acquires multi-brand fashion e-store Jabong from Global Fashion Group for $70 million in July. This enabled Myntra access to a combined base of over 15 million monthly users. Jabong was launched in 2012.
India’s leading e-commerce company Flipkart, through its subsidiary Myntra, acquires multi-brand fashion e-store Jabong from Global Fashion Group for $70 million in July. This enabled Myntra access to a combined base of over 15 million monthly users. Jabong was launched in 2012.
The world's largest cement maker, LafargeHolcim, agrees to sell its Lafarge India assets to detergent maker Nirma for about $1.4 billion in July. This enables additional cement production capacity of about 22 mtpa from three plants and grinding stations for Nirma which owns a 2.4 mtpa plant in Rajasthan.
The world's largest cement maker, LafargeHolcim, agrees to sell its Lafarge India assets to detergent maker Nirma for about $1.4 billion in July. This enables additional cement production capacity of about 22 mtpa from three plants and grinding stations for Nirma which owns a 2.4 mtpa plant in Rajasthan.
German drug and pesticide maker Bayer clinched a $66 billion deal to acquire US seeds company Monsanto in September. This makes Bayer a one-stop shop for agricultural requirements. The deal is to be the largest ever involving a German buyer, beating Daimler's tie-up with Chrysler in 1998 for $40 billion.
German drug and pesticide maker Bayer clinched a $66 billion deal to acquire US seeds company Monsanto in September. This makes Bayer a one-stop shop for agricultural requirements. The deal is to be the largest ever involving a German buyer, beating Daimler's tie-up with Chrysler in 1998 for $40 billion.
Anil Ambani-led Reliance Communications announced a merger with Maxis Communications-owned Aircel, thereby creating the fourth largest mobile network in India. Both partners are to have equal ownership over the new entity. It will also be one of the largest private companies with assets worth around $9.7 billion.
Anil Ambani-led Reliance Communications announced a merger with Maxis Communications-owned Aircel, thereby creating the fourth largest mobile network in India. Both partners are to have equal ownership over the new entity. It will also be one of the largest private companies with assets worth around $9.7 billion.
A group led by Russian oil major Rosneft acquired almost 98 per cent stake in Ruia brothers-led Essar Oil for about $13 billion in October. It is the single largest foreign investment in the Indian refining sector. The deal also attaches Essar’s 20 million tonne-refinery at Vadinar Port, Gujarat.
A group led by Russian oil major Rosneft acquired almost 98 per cent stake in Ruia brothers-led Essar Oil for about $13 billion in October. It is the single largest foreign investment in the Indian refining sector. The deal also attaches Essar’s 20 million tonne-refinery at Vadinar Port, Gujarat.
US telecom giant AT&T agreed to buy world’s third largest entertainment company Time Warner Inc. for about $85.4 billion in October, becoming one of the biggest deals this year globally. The wireless phone and broadband provider would now gain control over Time’s popular cable TV channels like CNN and HBO, making it a media powerhouse.
US telecom giant AT&T agreed to buy world’s third largest entertainment company Time Warner Inc. for about $85.4 billion in October, becoming one of the biggest deals this year globally. The wireless phone and broadband provider would now gain control over Time’s popular cable TV channels like CNN and HBO, making it a media powerhouse.
The world’s largest maker of mobile phone chips, Qualcomm Inc., acquired NXP Semiconductors NV in a $47 billion dollar deal in October, paving way for the former to diversify its businesses. Acquiring the biggest supplier of chips to the automotive industry would help Qualcomm better its Internet of Things prospects.
The world’s largest maker of mobile phone chips, Qualcomm Inc., acquired NXP Semiconductors NV in a $47 billion dollar deal in October, paving way for the former to diversify its businesses. Acquiring the biggest supplier of chips to the automotive industry would help Qualcomm better its Internet of Things prospects.
Samsung Electronics in November announced an $8 billion deal to buy audio and infotainment company Harman International, marking the biggest overseas acquisition ever by a South Korean company. The deal with the leading car audio maker helps expand Samsung’s growth prospects into others areas apart from its mainstay smartphone business.
Samsung Electronics in November announced an $8 billion deal to buy audio and infotainment company Harman International, marking the biggest overseas acquisition ever by a South Korean company. The deal with the leading car audio maker helps expand Samsung’s growth prospects into others areas apart from its mainstay smartphone business.
Rupert Murdoch’s Twenty-First Century Fox Inc. made a preliminary deal with British satellite TV firm Sky Plc in December to acquire its remaining stocks for $14 billion. This would grant Fox control of paid TV networks in over 22 million households across Europe. The Murdoch group already owns a large part of European media, including newspapers like The Times.
Rupert Murdoch’s Twenty-First Century Fox Inc. made a preliminary deal with British satellite TV firm Sky Plc in December to acquire its remaining stocks for $14 billion. This would grant Fox control of paid TV networks in over 22 million households across Europe. The Murdoch group already owns a large part of European media, including newspapers like The Times.
Media group Zee in November acquired Anil Ambani-led Reliance Group’s entertainment channels and stakes in the latter’s radio business for about $283 million. The Subhash Chandra group will now have operational access to nearly six Reliance TV channels and over 45 FM stations under its banner. Zee Media already has 11 news channels and publishes the daily ‘DNA’.
Media group Zee in November acquired Anil Ambani-led Reliance Group’s entertainment channels and stakes in the latter’s radio business for about $283 million. The Subhash Chandra group will now have operational access to nearly six Reliance TV channels and over 45 FM stations under its banner. Zee Media already has 11 news channels and publishes the daily ‘DNA’.
International healthcare major Johnson & Johnson announced in June the buying of hair care product maker Vogue International for about $3.3 billion, the biggest deal ever for the company. Vogue was partially owned by equity firm Carlyle Group since 2014.
International healthcare major Johnson & Johnson announced in June the buying of hair care product maker Vogue International for about $3.3 billion, the biggest deal ever for the company. Vogue was partially owned by equity firm Carlyle Group since 2014.
International hospitality chain Marriott acquired Starwood Hotels group for $13.6 billion in September to become the largest hotel chain in the world. With 30 hotel brands now under Marriott, it eclipses other brands like Hilton and Intercontinental Hotels Group, with over 5,700 properties offering more than a million rooms across 110 countries.
International hospitality chain Marriott acquired Starwood Hotels group for $13.6 billion in September to become the largest hotel chain in the world. With 30 hotel brands now under Marriott, it eclipses other brands like Hilton and Intercontinental Hotels Group, with over 5,700 properties offering more than a million rooms across 110 countries.
2016 Business mergers & acquisitions
Business deals 2016
Business M&A 2016

Related Stories

No stories found.

X
The New Indian Express
www.newindianexpress.com