Business Mergers Acquisition - Current Affairs Questions and Answers

1)   Parrys Sugar Industries Ltd will merge with which company?

a. EID Parry
b. EID Parry (India)
c. Parry (India)
d. None of the above
Answer  Explanation 

ANSWER: EID Parry (India)

Parrys Sugar Industries Ltd. will merge with EID Parry (India) Ltd. Parrys Sugar is a listed subsidiary of EID Parry.

  • The board of EID Parry had already given its nod for the scheme of amalgamation.
  • The merger, which will be subject to the approval of the shareholders and relevant regulatory authorities, will take retrospective effect from April 1, 2016, according to a company release.
  • Shareholders of Parrys Sugar will receive two equity shares of Re.1 each of E.I.D. Parry for every 13 equity shares of Rs.10 each they hold.

2)   Times Internet Limited, digital arm of TOI group has acquired which Gurgaon based micro-content app?

a. Camera Shots
b. Viral Shots
c. HD Shots
d. Nice Shots
Answer  Explanation 

ANSWER: Viral Shots

Times Internet Limited, digital arm of TOI Group has acquired micro-content app Viral Shots. Financial terms of the deal were not revealed. Viral Shots was founded by Kumar Apurva and Shalini Tewari with over 15 years of experience in mobile and internet space. Stories can be curated from 300 social destinations and web publications. Content shots will be presented in less than 60 words accompanied by picture and clocks roughly 100 million views in a month. App currently differentiated content in Hindu, English, Bengali and Telugu and shall be available in all major Indian languages at the close of 2016.

3)   Israeli software provider Nice Systems has agreed to purchase which firm for USD 135 million in cash for expanding growing analytics business?

a. Nexidia
b. Nexindia
c. Data Analytics
d. Data Software
Answer  Explanation 

ANSWER: Nexidia

Israeli software service provider Nice Systems has agreed to purchase analytics firm Nexidia for USD 135 million in cash for expanding the growing analytics business. Deal will close in the first quarter of 2016 and the acquisition will be accretive to earnings on adjusted basis each year.

4)   Kakao Corp will take over the control of South Korea’s music streaming service provider _________

a. Loen Entertainment
b. Spotify
c. iTunes
d. None of the above
Answer  Explanation 

ANSWER: Loen Entertainment

Chat app operator Kakao Corp is all set to purchase control of South Korean top music streaming services provider Loen Entertainment for USD 1.57 billion in another push to find fresh revenue streams. Kakao has indicated it will buy 76.4% stake in Loen which owns music streaming service MelOn and talent agency with IU, a K Pop artist. The stake is being purchased partly by issuing USD 754 billion won worth of new shares to top Loen shareholders Affinity Equity Partners and SK Planet Co Ltd.

5)   US PE firm Blackstone has purchased a minority stake in IBS Software from which company on 16th December 2015?

a. General Atlantic
b. General Electric
c. IBM
d. Apple
Answer  Explanation 

ANSWER: General Atlantic

US PE firm Blackstone Group LP has purchased a minority stake in India’s IBS Software for USD 170 million from shareholders including General Atlantic. IBS is a software company involved in diverse industries such as travel, hospitality, logistics and oil and gas. General Atlantic has been an investor in IBS since 2007. PE firm Blackstone has been looking for investment opportunities since acquisition of India operations of British outsourcing firm Serco for 250 million pounds, the largest acquisition in India by enterprise value.

6)   TATA Communications has agreed to sell majority of its subsidiary Neotel’s fixed line assets to which company?

a. BT
b. Vodafone
c. Vodacom
d. None of the above
Answer  Explanation 

ANSWER: Vodacom

Tata Communications said it will sell majority of its subsidiary Neotel's fixed line assets to Vodacom South Africa but will retain control of licences including spectrum. The deal was agreed to in May 2014. In dollar terms, the value of transaction at that time was around USD 676 million which has come down to USD 479 million due to depreciation in value of South African rand.

7)   Online classified portals Quikr has acquired a real estate analytics platform on December 6th 2015. What is it called?

a. RealtyCompass
b. RealtyMind
c. RealtyPlay
d. None of the above
Answer  Explanation 

ANSWER: RealtyCompass

Online classifieds portal Quikr has acquired a real estate analytics platform RealtyCompass which enables customers and investors to be involved in the decision making process through provision of builder ratings and project analysis. RealtyCompass was founded in 2013 by N. Bhandari, S. Srinivasan and A. Mishra and will now be part of QuikrHomes.

8)   Which online payments and commerce company has acquired Gurgaon based on 6th December 2015?

a. PayPal
b. Square
c. Paytm
d. None of the above
Answer  Explanation 


Online e-commerce and payments company Paytm has acquired in a consolidation in the local and home services market. With this acquisition, Gurgaon based is in line with the strategy of the payment company to strengthen online to offline play. has raised seed funding from well known entrepreneurs such as Anupam Mittal and vanish Vij.

9)   RCom has agreed to sell telecom tower assets and related infrastructure to which company/ies?

a. Tillman Global Holdings LLC
b. TPG Asia
c. Both of the above
d. None of the above
Answer  Explanation 

ANSWER: Both of the above

ADAG led RCom has agreed to sell its telecom tower and associated infrastructure to Tillman Global Holdings LLC and TPG Asia. RCom has 45,000 phone towers valued at about Rs. 22,000 crore and optic fibre assets worth another Rs. 8,000 crore, taking the total deal size to Rs. 30,000 crore. This marks the largest acquisition in the telecom space.

10)   Flipkart has acquired a strategic minority stake in which online company?

a. Snapdeal
b. Mantra
c. MapmyIndia
d. None of the above
Answer  Explanation 

ANSWER: MapmyIndia

Flipkart has acquired a strategic minority stake in online digital map platform for GPS navigation called MapmyIndia. Early financial investors Nexus Venture Partners and Lightbox Ventures will exit this company following this investment. Acquisition of this company’s stake will boost Flipkart’s logistics operations.

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