Deals of the day-Mergers and acquisitions

Alkermes

22/10/2025 14:40

Adds:  FalconX, Alkermes

Oct 22 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday:

** FalconX said it will buy crypto investment management firm 21shares, as the digital assets trading firm looks to expand its exchange-traded funds offerings.

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** Alkermes  said it will acquire Avadel Pharmaceuticals  in a deal valued at up to $2.1 billion, gaining an approved sleep-disorder treatment and expanding into the sleep-medicine market.

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** GE Vernova  said on Tuesday it would pay $5.28 billion to buy the 50% stake it does not already own in transformer-maker Prolec GE as the artificial intelligence boom fuels grid equipment demand.

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** Warner Bros Discovery's  board rejected a nearly $60 billion offer from Paramount Skydance  on Tuesday, a source said, and the company announced it would explore its options for the sale of the company.

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 (Compiled by Sahil Pandey and Rajarshi Roy in Bengaluru)

 ((Sahil.Pandey@thomsonreuters.com))