Deals of the day-Mergers and acquisitions

Altair Engineering

31/10/2024 19:42

(Adds: Comcast, MFE-MediaForEurope, Pakistan International
Airlines, Tokyo Gas, Run:ai)
       Oct 31 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1938 GMT on
Thursday:
    
        ** U.S. chipmaker Nvidia  NVDA.O  will have to seek EU
antitrust clearance for its proposed acquisition of AI startup
Run:ai because it threatens competition in the markets where the
companies operate, the European Commission said.  urn:newsml:reuters.com:*:nL8N3M71MP 
  
        
  
        ** Norway's Hydro  NHY.OL  said it is now solely
financing the Hydrovolt battery recycler which it set up with
joint venture partner Sweden's Northvolt.  urn:newsml:reuters.com:*:nL8N3M72BK
  
        
  
        ** Tokyo Gas  9531.T  is in talks with Woodside Energy
 WDS.AX  over taking a stake in a multi-billion-dollar Louisiana
liquefied natural gas (LNG) export project, according to two
people familiar with the discussions.  urn:newsml:reuters.com:*:nL1N3M61JJ
  
        
  
        ** The final bidding process for the privatisation of
Pakistan International Airlines attracted just one bid of 10
billion Pakistani rupees ($36 million) for a 60% stake in the
national flag carrier, the Privatisation Ministry said.
 urn:newsml:reuters.com:*:nL1N3M70EO
  
        
  
        ** MFE-MediaForEurope  MFEB.MI , the TV group controlled
by Italy's Berlusconi family, expects any potential tie-up with
German rival ProSiebenSat.1 to add more than 200 million euros
($217 million) a year to operating profit, a source with
knowledge of the matter said.  urn:newsml:reuters.com:*:nL8N3LG1GU
  
        
  
        ** Comcast  CMCSA.O  said it was considering spinning
off its cable networks that include CNBC and MSNBC into a
separate company, as the media industry grapples with a decline
in traditional TV viewership due to cord-cutting by consumers
shifting to streaming.  urn:newsml:reuters.com:*:nL4N3M71CP
  
        
  
    ** Siemens  SIEGn.DE  is to buy U.S. engineering software
firm Altair Engineering  ALTR.O  for $10.6 billion,
strengthening its position in the growing market for industrial
software.  urn:newsml:reuters.com:*:nL4N3M62NR
    
    ** Gold miner Solidcore POLY=AIXN, formerly known as
Polymetal, will buy a 55% interest in Kazakhstan's Syrymbet tin
deposit from Lancaster Group subsidiary Berkut Mining for $82.5
million, it said.  urn:newsml:reuters.com:*:nL1N3M70MD
    
    ** Japan's Electric Power Development (J-Power)  9513.T 
said  it has decided to sell its 50% stake in a U.S. gas-fired
power company as part of a reshuffle of its assets portfolio to
improve capital efficiency.  urn:newsml:reuters.com:*:nL1N3M70HK
        
    ** British supermarket Sainsbury's  SBRY.L  said it has sold
its Argos Financial Services cards portfolio to NewDay Group for
an expected 720 million pounds ($934 million), in line with its
strategy to focus on its core retail business.  urn:newsml:reuters.com:*:nL4N3M70Z2
    
    ** Mobile group Vodafone  VOD.L  and Romania-based operator
Digi  DIGI.BX  said they had signed a memorandum of
understanding with Hellenic Telecommunications Organization
 OTEr.AT  to buy its subsidiary Telekom Romania Mobile (TKRM).
 urn:newsml:reuters.com:*:nL8N3M70YC
    
    ** Private equity firm Blackstone  BX.N  is bidding C$7
billion ($5.03 billion) for a minority stake in telecom and
media company Rogers Communications'  RCIb.TO  cellphone
infrastructure business, the Globe and Mail reported.
 urn:newsml:reuters.com:*:nL4N3M700B
    
    ** Australia's Mineral Resources (MinRes)  MIN.AX  said it
will sell the entirety of two exploration permits in the Perth
basin and form joint ventures with Hancock over remaining
onshore exploration lands around the area for up to A$1.13
billion ($743.09 million).  urn:newsml:reuters.com:*:nL4N3M62SM    

 (Compiled by Rajarshi Roy, Prakhar Srivastava and Jaspreet
Singh in Bengaluru)
 ((prakhar.srivastava2@thomsonreuters.com;))