Deals of the day-Mergers and acquisitions
11/05/2026 20:48
Adds: Sony, Suzano and OpenAI
May 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1930 GMT on Monday:
** Sony Music Publishing said it would buy Recognition Music Group's entire catalog of works from funds managed by Blackstone BX.N, gaining access to more than 45,000 songs including those from Beyonce, Fleetwood Mac and Rihanna. nL4N41O11R
** Brazil's Suzano SUZB3.SA, the world's largest pulp maker, secured unconditional EU antitrust approval for its $3.4 billion joint venture with U.S. diaper and tissue maker Kimberly-Clark KMB.O, a European Commission statement said. nB5N41C00M
** OpenAI said it is setting up a new company with more than $4 billion in initial investment to help organizations build and deploy artificial intelligence systems, and will acquire an AI consulting firm, Tomoro, to quickly scale up the unit. nL4N41O0L1
** Meta CEO Mark Zuckerberg backed-Cellular Intelligence has acquired Danish drugmaker Novo Nordisk's cell therapy candidate for Parkinson's disease, the biotech firm said.
nL4N41O0PA
** Blackstone will acquire Greek e-commerce platform Skroutz from CVC Capital Partners Fund VII, CVC said.
nL6N41O0KU
** German utility group E.ON is poised to become one of Britain's largest energy suppliers after it announced plans to buy rival Ovo Energy for an undisclosed sum.
nL8N41O0OL
** Gallagher Bassett, Arthur J Gallagher's claims and risk management solutions unit, said it has acquired Mays Brown Solicitors, a London boutique law firm specialising in shipping and maritime legal services.
nL6N41O0K1
** ASOS said it will sell its Lichfield fulfilment centre to rival Marks & Spencer for 66 million pounds ($89.7 million), as the British retailer looks to simplify operations and dispose of non-core assets.
nL6N41O0DC
** Dutch technology investor Prosus said it had sold a 5% stake in Delivery Hero to Aspex Management, taking gross proceeds of around 335 million euros ($394 million).
nL6N41O0BS
** Italian fashion house Giorgio Armani is considering selling a 15% stake in three equal parts following the designer's death, potentially bringing in three buyers he had selected as shareholders, a newspaper reported on Sunday.
nL1N41N025
(Compiled by Rajarshi Roy, Apratim Sarkar and Prakhar Srivastava in Bengaluru)
((Rajarshi.Roy@thomsonreuters.com))