Some of the best segments of BTN’s convention coverage to date is available on-demand through BitTorrent Now.īitTorrent, Inc. Ivanka Trump’s speech, Peter Thiel’s speech, and more biting commentary from the BTN team. Tune in tonight to watch our take on Donald Trump accepting the republican nomination. If you’re not watching BitTorrent News’ coverage of the RNC, you’re missing out on some of the most insightful and hilarious commentary, such as Justin R Young ( dressed as a Charmander and responding to Senator Mike Lee’s comments on hating Pokemon Go. BitTorrent (New) is 82.74 below the all time high of 0.00000233. In just the past hour, the price grew by 0.16. The price declined by 0.32 in the last 24 hours. One of the key channels on BitTorrent Live is BitTorrent News. The price of BitTorrent (New) has fallen by 1.16 in the past 7 days. We strongly advise you get a great VPN for.
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It added that product overlap between Cipla and Torrent is "manageable" as there were only four overlaps at the molecule level where the "combined sales share would cross the 90% mark.Download and tune-in to BitTorrent News’ coverage of the Republican National ConventionīitTorrent Live, the multichannel OTT app, is now available for OS X (Apple laptops and desktops). The best VPN service according to our tests is ExpressVPN which effectively costs just 6.67 per month and has a risk-free 30-day money-back guarantee. The second source said Cipla is likely to be more keen on getting a strategic partner on board, like Torrent, instead of a pure financial investor, though a final decision was not likely soon.Ī Bernstein report in August flagged possible antitrust scrutiny and requirement to divest brands when combined market shares are high. Torrent and Blackstone both have submitted non-binding bids for Cipla, sources say.įoreign banks, including Morgan Stanley and Barclays are also in talks with Torrent to arrange potential debt financing for the deal, the second and third source said.īarclays declined to comment while Morgan Stanley did not immediately respond. Torrent, whose market cap is 54% lower than Cipla's $11.9 billion, is present in more than 40 countries and sells medicines related to diabetes, pain management, gynaecology, oncology and anti-infective segments as per its website. It competes with global majors Pfizer PFE and Abbott ABT, among others, in the world's most populous nation whose pharmaceutical market is expected to reach $130 billion by 2030, from $50 billion currently. The Economic Times first reported CVC's talks with Torrent on Monday.Ĭipla also exports medicines to North America and South Africa, and sells generic drugs to treat illnesses like cold, fever and headaches. Torrent is likely to reach a decision to finalize its consortium financing partner in the next few days, said the first source.īain and Blackstone declined to comment while Cipla, Torrent and CVC did not respond to comments. That translates to a $6.75 - $7 billion deal, Bernstein estimated in an Aug. Torrent and Blackstone BX are among those interested to acquire a stake in Cipla, India's third-biggest drugmaker by sales, in what could be the largest pharma deal in India ever.Ĭipla's founding family is keen to sell their 33.4% holding entirely, sources say, and any bid will also trigger an open offer for another 26% stake, as per Indian regulations. India's Torrent Pharmaceuticals TORNTPHARM is in talks with private equity funds CVC Capital Partners and Bain Capital to raise up to $1.5 billion to bid for India's Cipla CIPLA, according to three sources with direct knowledge of the matter.
Deal could be worth as much as $7 billion - Bernstein.Cipla bid could be India's biggest pharma deal.Torrent hopes to raise up to $1.5 bln for Cipla bid.
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