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September 22, 2010

In the 1980s Japanese companies, buoyed by huge piles of cash and the strongest domestic economy in the world, bought a host of assets in the US and Europe.

In the 1980s Japanese companies, buoyed by huge piles of cash and the strongest domestic economy in the world, bought a host of assets in the US and Europe.
 
One of the most memorable acquisitions was the purchase of the Rockefeller Centre in New York City in 1989 by a Japanese real estate company. At the time, the purchase was seen at just how much the centre of economic power had shifted away from the US towards Japan and Asia.
 

September 21, 2010

Sahara India Pariwar, the Indian conglomerate controlled by billionaire Subrata Roy, is in discussions to purchase Metro-Goldwyn-Mayer, the debt-ridden Hollywood studio.

Sahara India Pariwar, the Indian conglomerate controlled by billionaire Subrata Roy, is in discussions to purchase Metro-Goldwyn-Mayer, the debt-ridden Hollywood studio.
 
Media reports say Sahara has made a $2 billion bid for the studio, which has debts of around $3.7 billion, amassed when it was taken over in 2005 by private equity groups and Sony.
 

September 10, 2010

A ruling by Mumbai’s high court that has landed UK-based phone operator Vodafone with a huge tax bill could have ramifications for family companies looking to build business interests in India.

A ruling by Mumbai's high court that has landed UK-based phone operator Vodafone with a huge tax bill could have ramifications for family companies looking to build business interests in India.

The high court ruled on Wednesday that the $11 billion (€8.64 billion) sale of mobile phone business Hutchison Essar, a subsidiary of the Li family's Hong-Kong-based Hutchison Whampoa conglomerate, to Vodafone in 2008, is eligible for capital gains tax in India.

August 31, 2010

Mukesh Ambani’s Reliance Industries has continued its diversification drive with the purchase of a minority stake in family-run luxury hotel group Oberoi.

Mukesh Ambani's Reliance Industries has continued its diversification drive with the purchase of a minority stake in family-run luxury hotel group Oberoi.

Reliance Industries Investment and Holding Private Limited, a wholly owned subsidiary of Reliance Industries, has acquired a 14.12% stake in Oberoi subsidiary EIH for $217 million.

In a statement, Reliance said it had decided to make an investment as "the Oberoi family had developed Oberoi Hotels into a premier international brand".

August 25, 2010

M&A is back. After a couple of years of stagnation, deal flow has increased markedly in the first six months of 2010 and family businesses around the world are, as usual, right at the forefront.

M&A is back. After a couple of years of stagnation, deal flow has increased markedly in the first six months of 2010 and family businesses around the world are, as usual, right at the forefront.

August 20, 2010

Gilles Pélisson, chairman and chief executive of Accor, said he wants the hotel and services group he runs to nearly double the number of hotels it has worldwide to as many as 7,000, with much of the emphasis on growth in Asia.

Gilles Pélisson, chairman and chief executive of Accor, said he wants the hotel and services group he runs to nearly double the number of hotels it has worldwide to as many as 7,000, with much of the emphasis on growth in Asia.
 
Pélisson, whose uncle Gérard Pélisson co-founded the hotel business back in the 1960s, made his remarks while in India.
 

August 19, 2010

Reliance Broadcast Network, a subsidiary of the family-owned Reliance Anil Dhirubhai Group, announced 18 August it has signed a joint venture agreement with US-based CBS Studios International to provide a new set of TV channels in India.

Reliance Broadcast Network, a subsidiary of the family-owned Reliance Anil Dhirubhai Group, announced 18 August it has signed a joint venture agreement with US-based CBS Studios International to provide a new set of TV channels in India.

Reliance and CBS will both have a 50% equity share in the new company, called BIG CBS Networks, which will initially create three new English language TV channels. The deal is a first for both companies as they attempt to tap into India's growing TV market.

August 5, 2010

With the announcement that the board of Tata Sons, the holding company of India-based Tata Group, has formed a selection committee to choose a successor to chairman Ratan Tata, speculation is rife over who will replace him.

With the announcement that the board of Tata Sons, the holding company of India-based Tata Group, has formed a selection committee to choose a successor to chairman Ratan Tata (pictured), speculation is rife over who will replace him.
 
A statement from Tata Group said: "The committee is in the process of formulating criteria for identifying the most suitable candidate, taking into account the global nature and complexity of the Tata group's business at the present time."
 

June 21, 2010

Reliance Broadcast Network, a subsidiary of the family-owned Reliance Anil Dhirubhai Ambani group, announced yesterday it has signed an initial agreement to form a joint venture with US-based CBS Studios International to launch a set of TV channels in India.

Reliance Broadcast Network, a subsidiary of the family-owned Reliance Anil Dhirubhai Ambani group, announced yesterday it has signed an initial agreement to form a joint venture with US-based CBS Studios International to launch a set of TV channels in India. 

This venture is a first for both companies as they attempt to access the growing TV market in the region. 

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