PhysicsWallah Eyes Drishti IAS for Rs. 2,500 Crore
The edtech unicorn PhysicsWallah is in talks to acquire Vikas Divyakirti’s Drishti IAS, a major player in civil services exam preparation. The potential deal is valued at approximately Rs. 2,500 crore, making it one of the largest acquisitions in the competitive coaching industry. According to the sources, the discussions are in the advanced stage, and…
Sumit
Sun Pharma to Acquire US-Based Checkpoint TherapeuticsÂ
India’s leading pharmaceutical company, Sun Pharmaceutical Industries, has announced the acquisition of Checkpoint Therapeutics, a U.S.-based biotechnology firm specialising in oncology. The deal is set to expand Sun Pharma’s oncology portfolio and strengthen its global presence in the rapidly growing cancer treatment market. Last year, the company signed a licensing agreement with Italian-Swiss firm Philogen…
Abdullah Ansari
Biocon Biologics Acquired Viatris For Over $3 Billion
Global biopharmaceutical company Biocon Biologics Ltd. announced, on Tuesday, the completion of the acquisition of Viatris, a pharmaceutical company, for almost $3 billion.  According to the reports, the million-dollar acquisition was completed in two parts; equity and cash. Biocon Biologics paid upfront cash of $2 billion and issued Compulsorily Convertible Preference Shares (CCPS) worth $1…
Vipin
Reliance Industries Is All Set To Acquire California-Based SenseHawkÂ
Oil to telecom amalgamation Reliance Industries has final agreements with California-based software development company SenseHawk to acquire a 79.4% stake in the company. As per RIL’s official statement, the acquisition has a valuation of $32 million and will happen through primary infusion and secondary purchase. Established in 2018, SenseHawk is a California-based company that develops…
Shipra Prajapati
Byju’s Conducted Fresh Round Funding Worth $22 BillionÂ
Edtech company Byju’s acquired Aakash Educational Services in a cash and stock deal in April last year for $1 Billion, for which it has delayed payments. Byju’s was supposed to close the transaction in June but has extended the payment timeline to August, sources said, but it was delayed due to some internal reason. Now,…
