Tag Archives: merger

Opinion: What Does Penguin-Random House Merger Mean?

By Michael Levin When I saw the word “synergies” applied to the proposed merger of publishing giants Penguin and Random House, I laughed out loud. “Synergies” is Wall Street-speak for “Let’s merge two failing companies, fire half the employees, run the resulting business more cheaply, suck out all the money we can as quickly as we can, and then leave ...

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Chiranjeevi, all set to become minister in the Centre

Following Prime Minister Manmohan Singh’s meeting with President Pranab Mukherjee, a cabinet reshuffle and expansion is on the cards and Telugu actor-turned-Congressman Chiranjeevi is all set to occupy a berth in the Union Cabinet, almost two years after his wait in the wings. Other names making rounds are of Manish Tewari, Meenakshi Natrajan, Jyoti Mirdha, Manicka Tagore, Deepa Das Munshi ...

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Satyam merger with Tech Mahindra ends an era of IT fraud

Finally, Satyam’s saga will end with the proposed merger with its parent company Tech Mahindra to form one of the top five IT companies in the country. The announced merger will create a behemoth of $2.4 billion company, with more than than 75,000 employees serving about 350 clients in 54 countries. “This would make us a company with an annual ...

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