TOSHIBA CORP. PRESIDENT & CEO RESIGN OVER INTERNAL MANAGEMENT CONFLICT

Highlights –

• Toshiba Corp. President & CEO resign over management conflict.
• Chairman Satoshi Tsunakawa takes up the posts of Kurumatani.
• The conflict happened over a proposed buyout of the company by CVC Capital Partners.
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BRITAIN’S CVC CAPITAL LIKELY TO BUYOUT TOSHIBA CORP. IN A PRIVATE DEAL

Highlights –

• Britain’s CVC Capital likely to buyout Toshiba Corp. in a private deal.
• The terms of the deal will be discussed between the two companies and also the government.
• Toshiba received the initial proposal by CVC on Tues...

US-BASED STERLING GROUP ACQUIRES iLife DIGITAL TECHNOLOGY

Highlights

• Both the companies have said that this investment will boost iLife Digital’s growth plans, increase its market share and help its expansion into other countries

• According to the release, iLife Digital Technology, the company headquartered in Duba...

SILVER LAKE MAY BUY STAKE IN RELIANCE RETAIL

HIGHLIGHTS

• Silver Lake wants a $ 1 Billion stake in Reliance Retail.
• The investment would value Reliance Retail at about $ 57 billion.
• Reliance plans to sell about 10% in new shares.
• Reliance Industries has raised more than $20 b...