Language and intellectual property support services group RWS... acquired Indian counterpart Webdunia.com for $21m.
Webdunia.com (India) Private Limited and its shareholders sold their entire shareholding to RWS UK Holding Co Limited. Immediately prior to the acquisition: (i) Webdunia.com (India) Private Limited purchased the technology solutions business of Diaspark Infotech Limited in India; (ii) Webdunia Technologies Inc. (a subsidiary of Webdunia.com (India) Private Limited) purchased the technology solutions business from Diaspark Inc. in the USA; and (iii) the portal business of Webdunia.com(India) Private Limited was sold to Indic Media Private Limited in India.
PDS Legal Mumbai advised
Veritas Legal advised
2020-06-08
Deal value: USD 21 Million
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