Tag: Acquisition
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Shell Pakistan’s domestic operations set for sale to Saudi company
On Wednesday, Shell Pakistan (SHEL.PSX) announced that its parent company’s subsidiary, Shell Petroleum Company, has entered into an agreement with Wafi Energy for the sale of its domestic operations.
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Chinese company shows interest in buying K-Electric for $1.77 billion
In a recent development, China’s state-owned Shanghai Electric Power (SEP) has reiterated its interest in acquiring the shares of Karachi’s sole power company, K-Electric, with a renewed offer of $1.77 billion.
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Microsoft to buy ‘Call of Duty’ maker, Activision, for $69 billion
Xbox-owner Microsoft is edging closer to finalising its $69 billion acquisition of the video game giant Activision Blizzard, the creator of ‘Call of Duty.’ The UK regulatory body, on Friday, gave its approval for the revamped deal, addressing previous regulatory concerns.
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US firm to buy Pakistan’s Cloudways for $350 million
Cloudways, a Pakistani company that offers small and medium-sized businesses cloud hosting and software as a service (SaaS) capabilities, will be acquired by New York Stock Exchange-listed company DigitalOcean Holdings for $350 million. A large amount of the consideration, according to a business statement posted on Wednesday, would be paid over a 30-month period after…
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LG Electronics is stepping into EV charging business
As the worldwide competition to produce everything linked to EVs intensifies, LG Electronics has acquired AppleMango, a South Korean developer of electric car battery chargers. The acquisition, which was done in partnership with GS Energy, a producer of EV charging stations, and GS Neotek, a provider of IT services, will enable LG to take advantage…