MAJOR ACQUISITIONS/MERGERS OF THE YEAR 2017
MAJOR ACQUISITIONS OF 2017 Acquisitions and mergers are strategic moves by companies foreseeing scope for business expansion. Big organizations acquire small ones to strengthen their existing assets or to quickly fill the loopholes- instead, they do it themselves from the scratch. On the other hand, two big companies merge primarily to achieve the monopoly over the industry. Below are the acquisitions and mergers happened in the technology space in India in 2017. Flipkart’s acquisition of eBay India In April 2017. Indian e-commerce giant Flipkart acquired the Indian wing of eBay, which infused $500 million into Flipkart as well as sold its Indian operations unit for an exchange of equity stake in Flipkart. As Flipkart doesn’t have the global presence, the acquisition will bolster the cross border trade and help Flipkart to combat Amazon’s onslaught. Moreover, the acquisition may bring new investments in future for Flipkart from the parent company eBay. Axis Bank...