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Nazara Technologies has successfully completed the acquisition of Smaaash for INR 126 crore. This strategic move enhances Nazara's portfolio in the gaming and entertainment sector, positioning the company for further growth in the industry.
A multi-billion dollar AI data campus deal between the US and UAE is reportedly still in the early stages and has not yet been finalized, according to sources. The negotiations highlight the ongoing interest in AI infrastructure development in the region.
US crypto ATM firm CoinFlip is reportedly exploring a potential sale. This move comes as the company navigates the evolving landscape of the cryptocurrency market, seeking opportunities for growth and strategic partnerships.
Zaggle is set to acquire the spend management startup Dice Enterprises for INR 123 crore. This strategic move highlights Zaggle's commitment to expanding its portfolio in the financial technology sector. The deal is expected to enhance Zaggle's offerings and market presence.
Gaurav Munjal is expected to increase his ownership stake in Airlearn following its upcoming spin-off. This strategic move could position him more prominently within the company as it transitions into a new phase. The implications of this shift are yet to be fully understood.
Meta's recent deal for nuclear power is anticipated to be more cost-effective than Microsoft's agreement, according to analysis from Jefferies. This development highlights the competitive landscape in the energy sector as tech giants explore sustainable power solutions.
Flipkart has divested its stakes in Blackbuck and Aditya Birla Fashion through block deals totaling over Rs 1,250 crore. This strategic exit marks a significant move in the e-commerce and fashion sectors, reflecting ongoing shifts in investment strategies.
Dixon is seeking government approval to collaborate with Hong Kong-based HKC for a new module manufacturing unit. This partnership aims to enhance production capabilities and expand market reach in the technology sector. The move reflects Dixon's strategic growth plans in the industry.
Japanese stocks rebounded on Wednesday, with the Nikkei 225 Index rising 0.8% amid hopes for a trade deal with China that could benefit the tech sector. The yen's decline supported exporters, while semiconductor stocks surged, driven by expectations of strong AI-related demand. However, Toyota Industries fell 12% after Toyota Motor announced plans to take it private for $33 billion, significantly less than earlier estimates.
Tokopedia faces significant challenges following its merger, leading to a decline in its marketplace operations. The integration has resulted in operational chaos, raising concerns about the company's future stability and performance in the competitive e-commerce landscape.
Industry Mergers & Acquisitions
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Nazara acquires Smaaash for 126 crore rupees in strategic move
22:28 06.06.2025
us uae ai data campus deal remains unfinalized sources indicate
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coinflip considers potential sale amid evolving crypto market landscape
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Zaggle acquires spend management startup Dice Enterprises for 123 crore INR
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Flipkart divests from Blackbuck and Aditya Birla Fashion in major deals
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