Here are the top 10 acquisitions made by Indian companies worldwide: Target Company Country targeted Deal value

($ ml) 12,000 5,982 729

Acquirer Tata Steel Hindalco Videocon Dr. Reddys Labs Suzlon Energy HPCL Ranbaxy Labs Tata Steel Videocon VSNL

Industry Steel Steel Electronics

Corus Group plc UK Novelis Daewoo Electronics Corp. Betapharm Hansen Group Canada Korea

Germany Belgium

597 565 500 324 293 290 239

Pharmaceutical Energy Oil and Gas Pharmaceutical Steel Electronics Telecom

Kenya Petroleum Kenya Refinery Ltd. Terapia SA Natsteel Thomson SA Teleglobe Romania Singapore France Canada

If you calculate top 10 deals itself account for nearly US $ 21,500 million. This is more than double the amount involved in US companies acquisition of Indian counterparts.Graphical representation of Indian outbound deals since 2000.

Airbus example

Main article: Airbus Airbus Industrie was formed in 1970 as a consortium of aerospace manufacturers. The retention of production and engineering assets by the partner companies in effect made Airbus Industrie a sales and marketing company.[1] This arrangement led to inefficiencies due to the inherent conflicts of interest that the four partner companies faced; they were both shareholders of, and subcontractors to, the consortium. The companies collaborated on development of the Airbus range, but guarded the financial details of their own production activities and sought to maximise the transfer prices of their sub-assemblies.[2] In 2001 EADS (created by the merger of French, German and Spanish Airbus partner companies) and BAE Systems (the British partner company) transferred their Airbus production assets to a new company, Airbus SAS. In return they got 80% and 20% shares respectively. BAE would later sell its share to EADS.
Joint Venture

Sony-Ericsson is a joint venture by the Japanese consumer electronics company Sony Corporation and the Swedish telecommunications company Ericsson to make mobile phones. The stated reason for this venture is to combine Sony's consumer electronics expertise with Ericsson's technological leadership in the communications sector. Both companies have stopped making their own mobile phones.

Virgin Mobile India Limited is a cellular telephone service provider company which is a joint venture between Tata Tele service and Richard Branson's Service Group. Currently, the company uses Tata's CDMA network to offer its services under the brand name Virgin Mobile, and it has also started GSM services in some states. Read more: http://wiki.answers.com/Q/Examples_of_joint_ventures#ixzz1UXe6xrfS

Spin-out example
Some examples of spin-outs in SEC eyes:
y y y

Guidant was spun out of Eli Lilly and Company in 1994, formed from Lilly's Medical Devices and Diagnostics Division. Agilent Technologies spun out of Hewlett-Packard in 1999, formed from HP's former test-andmeasurement equipment division. Cenovus Energy was spun out of Encana Corporation in 2009

Example of companies created by technology transfer or licencing, a "spin-out" in the common point of view:
y

Oxford NanoLabs and Oxford RF Sensors were set up to commercialise technology based on University of Oxford research, and have been "spun out" by Isis Innovation, the technology transfer arm of the University.

Examples following the second definition of spin-out:

y y

Shugart Associates was a spin-out of IBM. Fairchild Semiconductor was a spin-out of Shockley Transistor. (These founders were the "Traitorous Eight". Intel was a spin-out of Fairchild, as were a large number of firms in the semiconductor industry.) AOL was a spin-out of Time Warner.