The nation's biggest integrated power utilities company the Tata Power Company limited, is all set to buy renewable energy assets of Welspun Renewables Energy Pvt Ltd (WREPL), for about $1.45 billion inclusive of debt.
US-based Rovi Corporation, has decided to buy video recorder pioneer TiVo Inc. Corporation, for about $1.1 billion. The deal will bring both video software company together with combining resources of the two companies into an entity. TiVo shareholders will be paid $2.75 per share in cash and the rest in stock by Rovi.