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Under60 Daily | 14 September 2020

Welcome to another edition of Under60 Daily - a brief rundown of the top happenings in the business world, curated by hand to exclude the clutter and ensure you get up to speed in under a minute.


[M&A] Oracle has struck a deal with TikTok to be the ‘technical partner’ for TikTok’s U.S. operations. While the deal is not a complete sale agreement between the two companies, Oracle plans to address the national security concerns raised by Donald Trump regarding the app.

Over60: Reuters

[Inflation] India’s retail inflation stood at 6.69% for the month of August, exceeding the Reserve Bank of India’s inflation target of 4% with +/- 2% band.

Over60: Moneycontrol

[Private Equity] Carlyle Group is considering picking up a $2 billion stake in Mukesh Ambani’s Reliance Retail, which may make the deal Carlyle’s first investment in the Indian retail sector.

Over60: Mint

[Aviation] Delta Airlines will raise $6.5 billion by issuing senior secured notes with its frequent flyer program SkyMiles pledged as collateral.

Over60: CNBC

[Restructuring] SoftBank’s board has revived the idea of going private. The biggest factor behind this decision is the large valuation gap between SoftBank’s market capitalization and its asset value.

Over60: Economic Times

[M&A] Nvidia has agreed to purchase Arm Holdings from SoftBank in a deal worth close to $40 billion, the largest deal in the semiconductor industry.

Over60: Bloomberg Quint


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