Deals of the day-Mergers and acquisitions

Acacia Research

25/01/2022 12:35

Jan 25 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 1230 GMT on Tuesday:

    ** Singaporean investor Temasek  TEM.UL  has acquired
Element Materials Technology Group from Bridgepoint  BPTB.L  for
an undisclosed amount, the private equity firm said.
 urn:newsml:reuters.com:*:nL1N2U50HQ
    
    ** Buy now, pay later (BNPL) firm Sezzle Inc  SZL.AX  is in
talks to be acquired by larger Australian rival Zip Co Ltd
 Z1P.AX , the companies said, sending shares of Sezzle soaring
23% during the session.  urn:newsml:reuters.com:*:nL4N2U513V
    
    ** Chinese state-owned property firms are expected to
acquire more assets from cash-strapped private developers,
analysts said, as Beijing steps up efforts to stabilise and
tighten control over a crisis-hit sector that accounts for a
quarter of its economy.  urn:newsml:reuters.com:*:nL1N2U5069
    
    ** Swedish e-sports and gaming firm MTG  MTGb.ST  has agreed
to sell ESL Gaming to Saudi-backed Savvy Gaming Group at an
enterprise value of $1.05 billion, it said on Monday.
 urn:newsml:reuters.com:*:nL8N2U463A
    
    ** Chesapeake Energy Corp  CHK.O  said it would buy
privately held oil and gas producer Chief E&D Holdings LP for
about $2.5 billion as it looks to bolster its U.S. shale gas
assets.  urn:newsml:reuters.com:*:nL4N2U531Y
    
    ** JPMorgan  JPM.N  said it had agreed to acquire an around
49% stake in Athens-based payments fintech Viva Wallet, subject
to regulatory approvals.  urn:newsml:reuters.com:*:nL8N2U52PY
    
    ** Nvidia Corp  NVDA.O  is preparing to abandon its purchase
of Arm Ltd from SoftBank Group Corp  9984.T  after offering
about $40 billion for the British company in 2020, Bloomberg
News reported, citing people familiar with the matter.
 urn:newsml:reuters.com:*:nL4N2U52PM
    
    ** ITA Chairman Alfredo Altavilla has welcomed an approach
by Swiss-based shipping group MSC and German carrier Lufthansa
 LHAG.DE  to buy the majority of Alitalia successor ITA Airways,
he told Germany's Handelsblatt.  urn:newsml:reuters.com:*:nL8N2U52V6

 (Compiled by Rajarshi Roy and Sohini Podder in Bengaluru)
 ((Sohini.Podder@thomsonreuters.com;))