DEAL TALKS
Indian Twitter rival Koo shuts down after failed acquisition talks
“Patient, long term capital is essential to build ambitious, world beating products from India be it in social media, Al, space, EV or other futuristic categories. It will need a lot more capital when the space has a global giant already," Radhakrishna said in a joint post along with cofounder Mayank Bidawatka.
Boeing to buy Spirit Aero in $4.7 bln deal after months of talks
Boeing announced on Monday that it will acquire its struggling supplier Spirit AeroSystems in a $4.7 billion all-stock deal, concluding months of negotiations. The total value of the transaction, including Spirit's net debt, is approximately $8.3 billion. Spirit shareholders will receive Boeing shares at an exchange ratio between 0.18 and 0.25, valuing Spirit shares at about $37.25 each. As part of the deal, Airbus will take over certain commercial work packages from Spirit.
The Saipan surprise: How delicate talks led to the unlikely end of Julian Assange's 12-year saga
About a year and a half ago, a lawyer for Julian Assange presented federal prosecutors in Virginia with a request to dismiss the case against him. This move was notable given Assange's publication of hundreds of thousands of secret documents and his status as perhaps the highest-profile detainee facing a U.S. extradition request. The Justice Department was involved in a battle in British courts to extradite him to the United States for trial.
Manipur: Thousands rally for 'territorial integrity'
COCOMI organised a 5-km rally in the heart of Imphal, which was attended by a couple of legislators. The participants held banners which read "Save Indigenous and Rightful Citizens of India", "No Separate Administration", "Save Territorial Integrity of Manipur" among others.
Flipkart-Swiggy deal talks; Corning’s India plan
Flipkart considered buying a stake in Swiggy months ago amid the rise of quick commerce. This and more in today’s ETtech Morning Dispatch.
Mazagon Dock shares surge over 4% amid talks of Rs 35,000 crore deal with Ministry of Defence
MDL shares rose 4.3% as discussions with MoD for Rs 35,000 crore deal on Kalvari-class submarines progress with 60% indigenous content commitment.
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MDL in advanced talks with Defence Ministry for Rs 35,000 crore Kalvari submarine deal
MDL in advanced talks for a potential ₹35,000-crore deal to acquire three larger, modern Kalvari-class submarines with advanced electronics and propulsion for the Navy, ensuring 60% indigenous content.
US and China hold first informal nuclear talks in 5 years, eyeing Taiwan
The Chinese representatives offered reassurances after their U.S. interlocutors raised concerns that China might use, or threaten to use, nuclear weapons if it faced defeat in a conflict over Taiwan. Beijing views the democratically governed island as its territory, a claim rejected by the government in Taipei.
Zomato in talks to acquire Paytm's movies, ticketing business; deal pegged at around Rs 2,000 crore
Zomato’s interest in acquiring Paytm's events and movie ticketing business is in line with the Gurgaon-based company's efforts towards capturing consumer demand across categories like food, grocery and entertainment. If the transaction goes through, it will be the second biggest acquisition for Zomato after it acquired quick commerce platform Blinkit in 2022 in an all-stock deal for Rs 4,447 crore.
German government discusses deportations to Afghanistan via Uzbekistan
Earlier in June, Germany's interior minister Nancy Faeser said Germany was considering deporting Afghan migrants who posed a security threat back to Afghanistan, after a deadly stabbing of a police officer drew calls for a tougher line on migration. Such a move would be controversial as Germany does not deport people to countries where they are threatened with death.
India looks to sign FTA after UK elections, 8th round of talks soon
The India-UK Free Trade Agreement (FTA) is set to be signed after the UK's elections on July 4. So far, 13 negotiation rounds have been completed, focusing on reducing tariffs and addressing regulatory concerns. Both sides aim to finalize the FTA to enhance bilateral trade, currently valued at GBP 38.1 billion annually.
US considering unilateral talks on hostage deal with Hamas, NBC reports
U.S. officials are considering a direct deal with Palestinian Hamas militants to free five American hostages held in Gaza if ceasefire talks with Israel fail. It's unclear what the U.S. might offer Hamas in return. The hostages were taken during a deadly Hamas incursion into Israel, prompting a retaliatory Israeli response. Secretary of State Antony Blinken believes the best way to secure their release is through the current ceasefire proposal. Any talks would be facilitated by Qatar and exclude Israel, potentially straining U.S.-Israel relations.
Netanyahu says no Gaza ceasefire until Hamas destroyed
Israeli Prime Minister Benjamin Netanyahu rejected the idea of a permanent ceasefire with Hamas until the group's military and governing capabilities are destroyed, despite a proposed truce involving an initial six-week ceasefire. Biden had mentioned Israel's proposal for a temporary truce and partial withdrawal. Netanyahu's stance contrasts with Hamas, which seeks a permanent ceasefire, Israeli troop withdrawal, and prisoner release. The conflict, ongoing since October 7, has led to significant casualties and displacement, with peace talks struggling to find common ground.
Hamas ready to reach 'complete agreement' if Israel stops war: Statement
Hamas has informed ceasefire mediators that they are prepared to reach a comprehensive agreement, including a full hostages/prisoners exchange, if Israel ceases its aggression in Gaza, the group announced in a statement on Thursday.
India, France to begin contract talks for marine Rafale fighters
The jets will be manufactured to India-specific standards and will have several indigenous systems as well, including weapons and communication. The acquisition is being seen as a stop-gap solution till the development of an indigenous carrier-borne fighter jet. The development of a Twin-Engine Deck-Based Fighter is currently underway but is expected to take close to a decade to be operational.
ETMarkets AIF Talk: This Rs 300 crore fund manager unveils M.E.R.I.T strategy to pick investments for portfolio
Himanshu Kohli, Co-founder of Client Associates, discusses identifying themes early for investors and the fund philosophy emphasizing value in business with strong fundamentals and execution. He mentions raising Rs 300 crore in AUM.
Paytm shares jump another 5% despite denying talks with Adani
Paytm shares rose 5% amid reports of deal talks between Paytm CEO and billionaire. Shares hit upper circuit limit despite company's denial of discussions.
Adani's fintech play: Gautam Adani likely in talks with Vijay Shekhar Sharma to acquire stake in Paytm's parent co
Gautam Adani, chairman of the Adani Group, is reportedly looking into acquiring a stake in One97 Communications, the parent company of Paytm, according to sources cited by The Times of India. Paytm's founder and CEO, Vijay Shekhar Sharma, met with Adani in Ahmedabad to discuss the details of the potential deal.
Not engaged in any discussions: Paytm issues clarification on report claiming Adani in talks to acquire stake in company
One97 Communications responds to speculation of Adani Group chairman Gautam Adani considering acquiring a stake in Paytm's parent company. The company clarifies that no discussions are ongoing, emphasizing compliance with SEBI regulations.
Adani effect! Paytm shares jump 5% on deal talks between Vijay Shekhar Sharma and Gautam Adani
Shares of Paytm surged 5% as Gautam Adani considers investing in the company. Paytm founder met Adani to discuss a potential deal. Adani is also seeking investments from West Asian funds for Paytm, facing challenges after RBI restrictions.
Jennifer Lopez's $90 million Las Vegas residency shows to be cancelled? Here's what we know so far
Jennifer Lopez was reportedly in talks with Las Vegas residency for $90 million shows. However, things are not in right track, as per a report on New York Post.
Voda Idea says it’s in talks with Ericsson and other network vendors for buying 5G gear, shares jump 12% on BSE
Earlier this week, Ericsson India MD Nitin Bansal had told ET that the Swedish gear maker is hopeful of getting some 4G/5G deals from Vi soon, especially after the beleaguered telco recently raised over Rs 20,000 crore via the equity route.
Israel strikes eastern Rafah as ceasefire talks end with no deal
Israeli tanks and warplanes have bombarded areas of Rafah, Palestinian residents said, following President Joe Biden's statement that the US would withhold weapons from Israel if its forces mounted a major invasion of the southern Gaza city. A senior Israeli official said that the latest round of indirect negotiations in Cairo had ended and Israel would proceed with its operation in Rafah and other parts of the Gaza Strip as planned. Israel has submitted to mediators its reservations about a Hamas proposal for a hostage release deal, and the Israeli delegation is returning from the Egyptian capital.
SoftBank back at deal counter with Icertis deal talks
Tech VC in funding talks with portfolio co Icertis, which is stitching up a $150m secondary round
Gaza ceasefire talks set to restart in Egypt with hopes for deal
Reports in Saudi Arabian media that couldn't be independently confirmed suggest Hamas negotiators are prepared to accept an Egypt-brokered deal within hours. Israel's Channel 12 also quoted a Hamas official who wasn't identified, saying that the organization's leadership had approved the implementation of the first phase of a hostage release plan. CIA Director Bill Burns arrived in Cairo on Friday to help Egyptian mediators work toward a truce, Axios reported.
US president holds separate calls with leaders from Qatar, Egypt over Gaza ceasefire talks
Biden urged Sisi and Qatar's Emir Sheikh Tamim bin Hamad Al Thani, whom he spoke to separately, to exert all efforts to secure the release of hostages held by Hamas "as this is now the only obstacle to an immediate ceasefire and relief for the people of Gaza," the White House said.
Exclusive: Flipkart-Zepto deal talks falter; quick commerce startup opts for financial investors
The strategic sale discussions are unlikely to be revived. Quick commerce company Zepto is now in discussions for fresh funding at a likely $2.5 billion valuation. It has held talks with the likes of General Atlantic, ADIA, among others.
Exclusive: Flipkart-Zepto deal talks drop out of cart
Happy Friday! Ecommerce major Flipkart held talks with Zepto for a potential deal. More on that in today’s ETtech Morning Dispatch.
Salesforce is in advanced talks to buy Informatica: report
According to the Wall Street Journal, the price of the deal being discussed is below Informatica's current stock price of $38.48, which is a potential complication factor.
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