Sunday, April 24, 2022

Reliance Industries calls off its $3.4B acquisition of core parts of Indian retail chain Future Group, following Amazon's legal fight against the deal (Manish Singh/TechCrunch)

Manish Singh / TechCrunch:
Reliance Industries calls off its $3.4B acquisition of core parts of Indian retail chain Future Group, following Amazon's legal fight against the deal  —  Reliance Industries “cannot implement” its $3.4 billion deal to acquire core parts of retail chain Future Group after the latter's secured …



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Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each; SoftBank has already invested $30B (Bloomberg)

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