Merger and acquisition news, acqui-hires, and buyout deals in India's startup ecosystem.
Affle has agreed to buy Israeli adtech company Perion in an all-cash deal valued at more than $420 million, offering shareholders $11.70 per share, a 34.5% premium. Affle’s purchase intends to grow its CPCU business in developed regions by merging Perion’s digital advertising footprint.
DoorDash has reached a $17 bn agreement to acquire Instacart’s parent company, Maplebear Inc., for $65 a share in a deal that would help bolster its grocery delivery operation. The transaction was announced on Oct 29.
Freshworks has bought Israel-based AI firm Robusta Dev, adding AI-powered incident investigation capabilities to its Freshservice IT service management platform. The technology employs AI agents to examine monitoring data to detect outage core causes.
Brazilian aerospace giant Embraer has signed a deal to buy a 51% share in Mahindra Group-controlled Novavayu Aerospace, strengthening its foothold in India’s commercial aviation and defence industries. The contract will extend Embraer's cooperation with Mahindra and boost its expansion in India.
KKR signs definitive deal to buy minority share in BookMyShow, supporting Indian entertainment platform’s next stage of expansion. The investment would assist BookMyShow in expanding its live entertainment business and enhancing its full-stack solutions across India.
Patanjali Ayurved has entered the general insurance business in India after gaining approval from IRDAI to acquire 73.56% share in Magma General Insurance for around INR 4,500 crore. Patanjali partners with DS Group to venture beyond FMCG into financial services.
Adani Ports and Special Economic Zone (APSEZ) is apparently looking to buy a majority position in Associated British Ports (ABP), the UK’s largest port operator, to grow its worldwide maritime reach. The purchase is for stakes held by Canada pension funds OMERS and CPPIB.
SNITCH, one of India's fastest-growing fashion and lifestyle brands, has acquired Berrylush, marking its strategic entry into the women's fashion category. The move represents a significant milestone in SNITCH's growth journey as it expands beyond menswear to build a multi-brand fashion business.
* Acquisition expands regional payroll capabilities across countries, enhancing support for multinational enterprises across Asia-Pacific and the Middle East * The acquisition is also expected to double AscentHR's revenue and presence across key APAC markets AscentHR, a leading provider of HR, payroll, compliance, and workforce solutions, has acquired OS
Scripbox, one of India's leading wealth management firms, has made a strategic acquisition of the mutual fund distribution business of Delhi-NCR-based Bluechip Capital, one of North India's most respected independent wealth management businesses, founded and led by Mr Ravi Kohli for 33 years. The
🤝 Acquisition
Ziptrrip, the Mumbai-based AI-powered corporate travel and expense management platform, has acquired HelloTravel Online Private Limited in what marks its first buyout within three years of operations, the company announced on May 25, 2026. The transaction sees HelloTravel, an 18-year-old travel marketplace that was demerged as
JSW One Platforms Limited, India’s leading tech-enabled B2B commerce platform for construction and manufacturing MSMEs, today announced the acquisition of BuildNext Construction Solutions Private Limited (BuildNext), a home design and project management company. The acquisition builds on JSW One’s existing home construction platform, JSW One Homes, and
Sun Pharmaceutical Industries has agreed to buy US drugmaker Organon in an all-cash deal valued at US$ 11.75 billion, in one of the biggest overseas acquisitions ever announced by an Indian company. The deal gives Organon shareholders US$ 14 per share and is expected to close in early
India’s leading beauty retailer Nykaa is reportedly in talks to acquire a majority stake in 82°E, the skincare brand founded by Deepika Padukone. The move, still under discussion, could mark a key shift for both companies, offering Nykaa deeper control in premium skincare while potentially reviving 82°E’
The online tech chat program TBPN, which regularly features CEOs from various industries and has a dedicated Silicon Valley audience, was acquired by OpenAI on 2 April. Technology Business Programming Network (TBPN), founded in 2024 by businessmen John Coogan and Jordi Hays, is said to be one of the most
Indian startups raised fresh capital across jewellery, healthtech, and AI sectors today. Palmonas led with a $40 million Series B, while AquaPulse secured INR 25 crore in Series A funding. Early-stage startup Gabify raised $175k in a pre-seed round. On the corporate front, Info Edge’s Naukri saw
Infosys has announced twin acquisitions in the US, buying Optimum Healthcare IT for $465 million and Stratus for $95 million. The $560 million deal marks a strategic push into healthcare and insurance technology, strengthening its domain expertise amid growing AI-led disruption in IT services.
Moving Tech Innovations, the parent company of Namma Yatri, has expanded into the European market through the acquisition of Automicle, a mobility startup based in the Netherlands. No information on the deal's financial details was made public. The acquisition will allow the firm to expand its zero-commission
Moving Tech Innovations has acquired Netherlands-based Automicle, marking Namma Yatri’s entry into Europe. The deal expands its zero-commission mobility model globally, aiming to build open, city-first transport systems and strengthen India–EU collaboration in sustainable urban mobility.
Global beauty giant L’Oréal is reportedly in advanced discussions to acquire a majority stake in Indian beauty and personal care startup Innovist. The deal is expected to value the Gurugram-based company between $350 million and $450 million, according to multiple media reports. If finalised, this would mark a
The Indian startup ecosystem remained active on 18 March 2026, with multiple funding deals across QSR, fintech, AI, and enterprise SaaS sectors. Leading the day, Burger Singh raised ₹82 crore in Series B funding, while Weaver Services secured a massive ₹1,450 crore investment to strengthen its housing finance play.
Accenture has acquired UK AI firm Faculty, integrating its 400+ experts and naming co-founder Marc Warner as CTO, boosting Accenture’s AI capabilities and accelerating safe, large-scale adoption of AI for clients globally.
India’s startup ecosystem saw strong investment activity on 16 March 2026, particularly in climate‑focused fintech, AI, health and enterprise tech sectors. Ecofy raised $42 million (₹380 crore) to scale sustainable financing solutions, while other startups, including BetterHood, Agnit Semiconductors, OfficeBanao and GrapeVine, also secured fresh capital. On the
The Indian edtech landscape, once a fertile ground for billion-dollar valuations and breakneck growth, is undergoing a seismic shift. The recent announcement of upGrad's acquisition of Unacademy in an all-stock deal is the most significant consolidation event to date, marking a dramatic reset for a sector
With the acquisition of automotive utility company Vehicle Info, used-car marketplace Cars24 is aiming to establish a full-stack platform for vehicle ownership, going beyond just vehicle transactions. Chirag Pipaliya launched the bootstrapped firm Vehicle Info in 2017. The firm provides a centralised location for important vehicle details like
Shares of railway public sector companies IRCON International and Rail Vikas Nigam Limited (RVNL) surged sharply on 6 March after reports suggested that the Ministry of Railways has proposed merging the two companies. The development triggered strong buying interest in railway stocks, pushing IRCON shares up by nearly 12% and
Forest Essentials will soon be acquired by the Estée Lauder Companies, a prominent American cosmetics company. The business announced that it has reached an agreement to acquire the remaining stake in the high-end Ayurvedic brand from India. The acquisition is anticipated to close in the second half of 2026,
After a fierce bidding war, Paramount Skydance defeated Netflix and announced on February 27 that it will purchase Warner Bros. Discovery. The merged firm will be valued at $110 billion. This deal finally puts an end to the five-month bidding war and establishes a new entertainment giant. This merger
Indian startups continued to attract strong investor interest on 26 February 2026, with capital flowing into deeptech, AI-led construction, fintech, wellness, consumer brands, and enterprise SaaS. Several growth-stage rounds led by Peak XV and global VCs highlight sustained momentum in India’s innovation ecosystem. Meanwhile, the day’s
In a significant move poised to reshape India's burgeoning edtech and recruitment sectors, upGrad, a prominent online higher education and upskilling platform, announced its acquisition of Internshala, a leading internship and early-career hiring platform. This strategic consolidation, finalized through a 90% stock-swap transaction, underscores upGrad'
Indian startups raised notable capital across healthcare tech, robotics, fintech, AI, manufacturing and data infrastructure on 25 February 2026, underscoring sustained investor confidence in deeptech, SaaS and healthcare innovation. Funding ranged from early‑stage seed rounds to multi‑million growth raises, aimed at product development, global expansion and capability scaling.
The aviation company LAT Aerospace, funded by Deepinder Goyal, has expanded into the defence tech industry through the acquisition of Sharang Shakti, an early-stage business. Along with its long-term goal of producing a civil aircraft platform, LAT Aerospace is making its first attempt at constructing indigenous defence capabilities,
HubSpot, the global software company known for its customer relationship management (CRM) and marketing tools, has acquired Starter Story, a fast-growing media brand focused on entrepreneurship and founder stories. The deal was confirmed this week and marks HubSpot’s latest move into creator-driven media as part of its
- Oncology takes centre stage in Gilead’s new acquisition deal. - Gilead doubles down on CAR-T Therapy with Arcellx purchase, offering 79% higher on its shares. - Gilead Sciences is apparently dealing with declining sales for its COVID drug Veklury.
The record export order for 35,000 Scorpio Pik Up light commercial vehicles to Indonesia in 2026 was acquired by the Indian automaker Mahindra & Mahindra. This transaction highlights the company's expanding presence in Southeast Asia and sets a new benchmark for exports. Aiming to enhance agricultural logistics
The Indian startup ecosystem saw a mix of funding across cleantech, regtech, consumer brands, quick-service restaurants, and mobility manufacturing on 13 Feb 2026. IDfy led the day with a substantial ₹476 crore capital raise to expand its trust and compliance stack globally, while EverBrands secured $15 million to bolster
USV Pharma has entered a major deal to acquire a 79% stake in Wellbeing Nutrition, one of India’s fastest-growing direct-to-consumer (D2C) supplement brands. The all-cash transaction values the company at INR 1,583 crore and marks one of the largest exits in the health and
Bertelsmann Investments today announced Bertelsmann Next India (BNI), a new platform to build and scale majority-owned, founder-led operating businesses in India. The initiative deepens Bertelsmann’s long-term commitment to the country and signals a buy-and-build approach across high-growth sectors relevant to Bertelsmann. With Next,
Elon Musk is signalling a change of guard within his corporate empire with his intention to merge SpaceX with his money-burning artificial intelligence startup xAI. Musk owes a great deal of his fame and fortune to Tesla. However, after the merger on 2 February, SpaceX's reported private
The acquisition reinforces HORIBA's expertise in diamond technologies, supports the creation of an R&D hub in India & strengthens its ability to deliver innovative analytical & measurement solutions.
From at least two local bidders, Prudential Financial Inc.'s India asset manager has received proposals. State Street Investment Management-backed Groww Asset Management Ltd and Edelweiss Asset Management have filed offers for PGIM India Asset Management Pvt Ltd, as per the current media reports. After witnessing little significant
Elon Musk’s SpaceX is in advanced merger talks with his artificial intelligence firm xAI, as preparations begin for a potential blockbuster initial public offering (IPO) in 2026. The discussions, first reported by Reuters and confirmed by multiple global media outlets, signal a major shift in Musk’s business strategy,
On January 29, Apple announced that it has purchased Q.ai, an Israeli startup developing artificial intelligence technologies for audio. The terms of the Q.ai transaction, which was supported by venture capital firms Matter Venture Partners, Kleiner Perkins, Spark Capital, Exor, and GV, formerly known as Google Ventures, were
PVR INOX wants to focus only on its core cinema business and is ready to exit the snack business. Here are the details…
Vimeo has initiated its second round of global cutbacks in less than six months. The layoffs are done by the new owner, European technology firm Bending Spoons. These job cuts are part of the new owner's restructuring efforts following its acquisition of the video platform. Bending Spoons announced
India’s startup ecosystem stayed active on 22nd January 2026, with notable funding activity across deeptech and EV mobility, alongside major business headlines shaping the broader market landscape. Meine Electric raised $750K in a pre-seed round to accelerate its iron-air long-duration energy storage innovation, while Chargeup secured
Coca-Cola anticipates that India will rank as its third-largest market by volume in the upcoming years; hence, the company is assessing acquisition options there. The Coca-Cola Company, an international beverage company with headquarters in Atlanta, is searching for acquisitions in India. Through these acquisitions, the firm aims
On January 14, the Reserve Bank of India (RBI) gave Sumitomo Mitsui Banking Corporation (SMBC) of Japan "in-principle" approval to establish a wholly-owned subsidiary (WOS) in India. With four branches in Bengaluru, Chennai, Mumbai, and New Delhi, SMBC presently operates banking activities in India via branch
Used-car marketplace Cars24 has taken a major step to broaden its services with the acquisition of CarInfo, a vehicle information and management platform. The deal was announced in early January 2026 and marks Cars24’s second big purchase in under a year. The exact financial terms have not been
In a statement released on January 1, Sapphire Foods India Limited, the operator of KFC and Pizza Hut, stated that it would merge with Devyani International Limited, which also runs the QSR franchises in the nation. As consumers cut back on eating out and ordering in due to rising living
As the digital powerhouse speeds up attempts to incorporate cutting-edge AI throughout its platforms, Meta announced on December 29 that it will buy Chinese-founded artificial intelligence firm Manus. The Singapore-based company is valued at between $2 billion and $3 billion, according to a report by Reuters, although
India’s startup and corporate landscape witnessed several strategic developments today, spanning jewellery, fashion, and consumer brands. Tata-backed Titan made a notable entry into the lab-grown diamond segment with the launch of its new brand beYon, signaling a shift towards sustainable luxury for younger consumers. In the fashion
The software division of IT conglomerate HCLTech, HCLSoftware, announced on 22 December that it will buy Wobby, a startup based in Antwerp that specialises in AI data analyst bots. The all-cash transaction, which costs $5.2 million (€4.5 million), is HCL's most recent attempt to integrate
Even though the deal involves equity dilution that is still EPS-accretive for current Ambuja shareholders, Ambuja Cements' decision to combine ACC and Orient Cement into itself represents a structural reset of the Adani Group's cement empire, creating a single "one cement platform" with sharper
In order to purchase Vibrant Energy, which has a 1337 MW portfolio, Inox Clean Energy Ltd has finalised agreements with Macquarie Corporate Holdings Pty Ltd, based in Australia, and other shareholders. The INOXGFL Group company, situated in Noida, did not reveal the deal value, although industry insiders said it was
On 20 December, Fortis Healthcare announced that it had signed an agreement to pay INR 430 crore to acquire People Tree Hospital in Bengaluru. Through a 100% acquisition of TMI Healthcare Pvt Ltd, the organisation that runs the People Tree Hospital business, the company has finalised agreements to purchase the
In a deal for $4.4 billion (INR 39,600 crore), Japan's Mitsubishi UFJ Financial Group announced on December 19 that it had acquired a 20% share in Shriram Finance through preferential share allocation. This represents the biggest foreign direct investment in India's financial industry. Two
GABIT, the award-winning full-stack longevity company, today announced its acquisition of Näck, a clean, science-led nutrition brand. This move brings together GABIT’s cutting-edge health tracking smart ring technology and AI-based health coaching with Näck’s thoughtfully formulated supplements, creating a seamless ecosystem where wellness
A final agreement has been reached by HCL Technologies (HCLTech) to purchase the Telco Solutions division from Hewlett Packard Enterprise (HPE) for a maximum consideration of $160 million. The company stated in a stock exchange statement on 18 December that the deal is set up as an all-cash asset
Global consumer-focused investment firm L Catterton said on 18 December that it had invested an undisclosed amount in Haldiram's, an Indian packaged ethnic foods brand, and formed a strategic collaboration with the company. According to a press release from the investment firm, Haldiram's will benefit
Mizuho Financial Group Inc. is making its most recent wager on India's quickly growing financial services industry by purchasing a majority share in the investment bank Avendus Capital Pvt., which is backed by KKR & Co. The third-biggest bank in Japan announced on 17 December that a
The consumer products division of Reliance Industries is once again looking to enter a new market by purchasing a smaller brand. The business is well-known for acquiring lesser historical brands like Velvette shampoos and Campa Soft Drinks. It was recently separated off from Reliance Retail to become a direct
The Reserve Bank of India (RBI) has given HDFC Bank's subsidiaries permission to purchase up to a 9.5% share in IndusInd Bank. India's biggest private sector lender by market value stated in an exchange statement on 15 December that the permission is effective for a
- A rare mega-acquisition signals TCS’s aggressive push into AI, cloud and data centre expansion. - TCS is funding this deal with its $5.49B in free cash flow for FY 2024-25. - The deal is expected to close by 31 January 2026.
Innomotics India Pvt. Ltd., a subsidiary of the Nuremberg-based Innomotics GmbH, has solidified its strategic trajectory by signing a landmark agreement with Siemens Limited to acquire the Low Voltage (LV) Motors and Geared Motors business in India. This acquisition is poised to be executed in the coming months, enabling
According to Bloomberg, which quoted people with knowledge of the situation, SoftBank Group is considering another acquisition, as the Masayoshi Son-led business is in negotiations to purchase DigitalBridge Group Inc. Data centres are among the assets that DigitalBridge, a private equity firm, invests in. SoftBank's discussions coincide
The Indian startup ecosystem remained dynamic on 2nd December 2025, with a mix of fresh venture funding, major expansion plans, and notable corporate acquisitions. Early-stage and growth-stage companies continued to attract strong investor attention, underscoring confidence across proptech, fintech, logistics, and digital transformation sectors. Modulus Housing and StockGro
Following regulatory approvals, the $375 million purchase of HARMAN's Digital Transformation Solutions (DTS) business unit by IT services provider Wipro was finalised on 2 December, the firm announced. According to a statement from the Bengaluru-based IT company, the DTS acquisition was announced on August 21, 2025, and
Following the $13.5 billion acquisition of Interpublic Group (IPG), the multinational marketing and communications powerhouse Omnicom Group is expected to lay off around 4,000 employees and shut down a number of agency brands, according to a Financial Times report citing business executives on December 1, 2025. The research
The listed vehicle classifieds site CarTrade has made the decision not to move forward with its plan to acquire CarDekho's parent company, Girnar Software Private Limited. In an exchange filing, CarTrade stated that it would like to notify the exchange that the parties have agreed to not move
Girnar Finserv Strengthens Its Tech Ecosystem with Acquisition of AI Platform SeedsAI * GFPL’s AI-focused acquisition will focus on accelerating innovation and building advanced technological capabilities across its ecosystem. InsuranceDekho’s affiliate Girnar Finserv Private Limited (GFPL) today announced the acquisition of SeedsAI, a SaaS platform for LLM orchestration
San Francisco-based VideoDB, an AI-native video infrastructure platform, has acquired Devzery, a Chennai-based developer tooling startup that builds AI-powered regression testing workflows. Through this acquisition, VideoDB aims to enhance its focus on developer experience and product reliability, particularly as it scales across video-intensive AI use
According to various media reports, CarTrade Tech is planning to buy CarDekho (Girnar Software Pvt. Ltd.) in a significant consolidation move in India's online car industry. The sale is in early stages and is anticipated to be structured as a cash-and-stock transaction, according to a report
The amalgamation plan, which combines Suzuki Motor Gujarat with its parent company, Maruti Suzuki India, the biggest automaker in the nation, has been authorised by the National Company Law Tribunal (NCLT). The joint petition filed by Suzuki Motor Gujarat Pvt Ltd (transferor company) and Maruti Suzuki India Ltd (transferee company)
In a $10 billion agreement, Pfizer Inc. has agreed to buy Metsera Inc., a weight-loss medication firm. This purchase comes after a heated bidding war with Novo Nordisk A/S, a rival pharmaceutical business. According to Bloomberg, this disclosure places Pfizer in a strong position to win the startup&
India’s startup ecosystem witnessed a dynamic mix of developments on 4th November 2025 — from early-stage funding rounds across aerospace, FMCG, and beauty tech to a billion-dollar global acquisition and key corporate updates. Bengaluru-based Tsalla Aerospace secured its maiden funding to advance autonomous drone systems, while consumer
The planned acquisition is set to boost Vertiv’s leadership in next-generation thermal management for AI and high-density data centres.
In a move set to accelerate growth and innovation in India’s $380 billion logistics industry, the Poonawalla Group, led by Yohan and Michelle Poonawalla, along with their associate partners, has announced a strategic investment in Macron Group, a diversified enterprise specialising in integrated supply chain solutions, record management, and
After acquiring the email programme Superhuman in July, Grammarly has declared that it is changing its name to "Superhuman". According to the corporation, Grammarly will continue to function and have its current identity despite the new name. Long term, the company is also thinking of rebranding other products
Vijya Fintech, the parent company of flagship wealth-tech platform MIDASX, has announced the successful closure of its INR 12 crore Seed Round, marking a major milestone in its mission to build India’s first open-architecture, AI-driven B2B2C multi-asset marketplace. With this round, the company’s total
On October 23, OpenAI announced that it acquired Software Applications, Inc. and its team, making “Sky” an AI tool for Mac. Learn more.
The proposed purchase of a portion of JB Chemicals and Pharmaceuticals by Torrent Pharmaceuticals Ltd. was approved by fair trade regulator CCI on 21 October, contingent on voluntary changes made by the parties. The move followed Torrent Pharmaceuticals' announcement in June of this year that it would pay INR
The entertainment industry is in hot water, and several jobs have vanished this year. Here joins Paramount Skydance, laying off employees starting October 27.
Capgemini is making big moves to strengthen its AI game. Here are all the details of the WNS acquisition. Learn more.
Global technology investor Prosus is investing INR 1,295.56 crore (about $146 million) to acquire a 10.1%stake in ixigo (Le Travenues Technology Ltd). The investment will come via a preferential issue of equity shares to Prosus’s affiliate MIH Investments One B.V. The approved price per
According to multiple media reports, Adar Poonawalla, the CEO of Serum Institute of India, was in negotiations with Diageo Plc, the owners of Royal Challengers Bengaluru (RCB), to potentially purchase the Indian Premier League's (IPL) 2025 champion. Whether Diageo Plc intends to sell all of its shares in
The Supreme Court has cleared JSW Steel’s INR 20,000-crore takeover of Bhushan Power & Steel, reversing its earlier liquidation order. The ruling ends a long legal battle, allowing JSW to expand production and strengthen its presence in eastern India.
Swiggy, a meal delivery and fast grocery platform, announced that its board has authorised the process of selling and transferring its rapid commerce (q-commerce) business, Instamart, through a slump sale to Swiggy Instamart Pvt Ltd, an indirect, step-down, fully owned subsidiary. According to the stock filing, on September
Acquihire over acquisition is now the new business mantra for many tech giants. Nvidia has both the tech and the talent. Here are all the whys and hows.
For a total cash consideration of 75 million euros (more than INR 775 crore), the multinational product engineering and digital services company Tata Technologies said on 13 September that it will purchase a 100% ownership in the Germany-based ES-Tec Group and its subsidiaries. According to a statement from
In an effort to facilitate business dealings and spur the practice of "reverse flipping", which involves Indian start-ups and other companies moving their domicile from abroad to the country, the government has expanded the fast-track route for approval of mergers and amalgamations to include more categories
After failing to agree on a valuation, the family office of billionaire Sunil Mittal has pulled out of talks to buy a 49% share in Haier Appliances (India). The Chinese parent business of Haier India, Haier Group, was looking for a valuation of roughly $2 billion (INR 17,100 crore)
The acquisition comes a year after a series of robust sports technology and content additions to Minute Media’s portfolio, culminating with a 360-degree solution for rightsholders, leagues, teams, publishers, and marketers.
📰 News
OpenAI has sealed a $1.1 billion all-stock deal to acquire Statsig, a Seattle-based product experimentation startup, in one of the boldest tech shake-ups of 2025. At the center of this landmark move is Vijaye Raji, the Indian-origin founder of Statsig, who is stepping into a
The Indian startup ecosystem on 4th September 2025 saw a diverse mix of venture funding, strategic acquisitions, and regulatory updates. From FirstClub’s $23 million Series A round to Colive’s $20 million infusion led by Bain Capital, investors continued backing high-growth sectors across lifestyle, healthtech, and cleantech. Meanwhile,
Statsig, a product testing business, has been bought by OpenAI. Vijaye Raji, the startup's Indian-origin founder and CEO, has also been named the new Chief Technology Officer (CTO) of apps by the Microsoft-backed artificial intelligence (AI) business. Raji will handle key systems, infrastructure, and product lines
The e-commerce company Flipkart announced that it had purchased the majority of Pinkvilla India Private Limited, a well-known online infotainment platform. The purchase is a component of Flipkart's plan to use Pinkvilla's reputation, skills, and devoted following to increase its content presence and improve
The Reserve Bank of India (RBI) has approved a plan by Japanese lender Sumitomo Mitsui Banking Corporation to purchase up to 24.99% of the private sector lender, Yes Bank announced on 23 August. In the biggest cross-border investment in the Indian banking industry, the Japanese lender declared in
Vertiv Completes Acquisition of Great Lakes Data Racks & Cabinets.
On August 21, Wipro, the Bengaluru-based IT business said that it would pay up to $375 million to Harman International Industries for a 100% stake in Harman Connected Services Inc. (DTS) and its subsidiaries, as well as some other assets. Subject to US antitrust clearances and other regulatory approvals,