Deals News – News on Latest Business Deals, India

PARIS/BRUSSELS France cast serious doubt on Tuesday on the prospects of an EU free trade deal with the United States, adding to opposition within Germany and growing scepticism among Americans.

MUMBAI Taiwan’s largest chip designer MediaTek Inc is investing $60 million in India’s One97 Communications, valuing the payment services and e-commerce firm at about $5 billion, the company said on Tuesday.

MUMBAI Castrol India Ltd said on Friday it was not aware of any stake sale in the company by Castrol Ltd, a unit of oil major BP Plc, and said recent news reports that such a transaction would take place were based on market speculation.

MUMBAI Payment services provider Net1 UEPS Technologies Inc will invest up to $40 million in Indian mobile wallet services provider MobiKwik over the next 24 months, the companies said in a joint statement on Friday.

MUMBAI The $385 million acquisition of TEN Sports is set to make Sony Pictures Networks a major cricket broadcaster in Asia as it seeks to expand its Twenty20-dominated portfolio.

TURIN Fiat Chrysler Automobiles is in talks with several parties, including South Korea’s Samsung Electronics Co Ltd, over the future of its components business Magneti Marelli, the carmaker’s chairman John Elkann said.

STERLING HEIGHTS, Michigan Fiat Chrysler Automobiles (FCA) has been approached by several suitors for its components business Magneti Marelli, the carmaker’s chief executive said on Friday, without giving names or mentioning how many.

ZURICH Nestle announced a deal on Thursday to buy Phagenesis, a British medical device company working on a new treatment for dysphagia, a condition where patients are unable to swallow safely.

Zhongwang USA LLC, a division of China’s Zhongwang International Group Ltd., said on Monday it would buy U.S.-based aluminum rolled products maker Aleris Corp from a fund group in a $2.33 billion deal.

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