PharmEasy parent to acquire 66% stake in Thyrocare for ₹4,546 cr

In a first ever acquisition of a listed company by a startup unicorn, digital healthcare startup PharmEasy’s parent API Holdings will be acquiring a majority stake in diagnostics major Thyrocare for Rs 4,546 crore. The landmark deal was struck in Lonavala over masala chai at Thyrocare Chairman A Velumani residence.   PharmEasy will retain the … Read more

Verizon selling Yahoo, AOL unit to Apollo in $5-billion deal

AOL and Yahoo are being sold again, this time to a private equity firm. Verizon will sell Verizon Media, which consists of the pioneering tech platforms, to Apollo Global Management in a $5 billion deal. Verizon said Monday that it will keep a 10 per cent stake in the new company, which will be called … Read more