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Oracle’s Bullying Tactics – Enlisting Uncle Sam February 22, 2007

Posted by Vijay in Acquisitions, Business, Happenings, iFlex, India, Issues, Oracle.
5 comments

Murali Partha forwarded this link from the Economic Times regarding how Oracle has enlisted the help of the U.S Government to ask the Indian Government to “assist them” in their acquisition of iFlex.

Here is an excerpt from the article:

Speaking to ET, official sources said the US was keen that the Indian government should make it mandatory for the minority shareholders to sell their shares to Oracle. “The US pointed out that it had a law which allowed the government to make minority shareholders sell their shares to the majority stakeholder. It argued that India should do the same in Oracle’s case,” the official said.

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Bisi-Bele Baath in Oslo February 13, 2007

Posted by Vijay in Acquisitions, Business, Happenings, MTR, Orkla.
11 comments

Not really… however MTR Foods has been sold to a Norwegian company, Orkla for $100 Million. The strory is that Orkla bought MTR for its brand name and distribution network.

So, I wonder whether I can buy Bisi-Bele Baath in Oslo?

Before people start wailing, the MTR restaurant is not part of this deal as it is run as a separate business.

Way to go Tatas January 31, 2007

Posted by Vijay in Acquisitions, Business, Steel, Tata.
4 comments

First it was Mittal now its the Tatas. That makes two Indian companies at the top of the pile of steel companies (although technically speaking Mittal isnt an Indian company).

The Tatas buying Corus at a valuation of $10 Billion shows us that the “old” industry is still way ahead in terms of buying power. It will be quite a while before an Indian IT company makes a billion dollar acquisition.