Deals of the day-Mergers and acquisitions

Bajaj Finserv

08/01/2026 14:34

Adds: Paramount Skydance, Bajaj Group, Allianz, Brown & Brown Updates:

Jan 8 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Thursday:

** Paramount Skydance  reaffirmed its $30-per-share cash bid for Warner Bros Discovery , reiterating that its offer is superior to the HBO Max owner's deal with Netflix .nL4N3Y90YT

** India's Bajaj Group has acquired a 23% stake in its insurance subsidiaries from Allianz SE  for 213.90 billion rupees ($2.38 billion), group firm Bajaj Finserv  said.nL4N3Y90WG

** Allianz has completed the 2.1 billion euro ($2.45 billion) sale of 23% of the shares in two joint ventures, Bajaj General Insurance Company and Bajaj Life Insurance Company, to Bajaj Promoter Group, the company said.nL6N3Y90R3

** Brown & Brown wholesale unit Bridge Specialty Group announced that it has acquired Pennsylvania-based MGA and wholesale insurance brokerage Shoemaker & Besser.nL6N3Y90QD

** Saudi Arabia's SABIC <2010.SE> has agreed to sell its European petrochemical business and its Engineering Thermoplastics business in Europe and the Americas for a combined enterprise value of $950 million, as part of a restructuring during an industry slowdown.nL6N3Y90DR

** Eli Lilly  will buy autoimmune drug developer Ventyx Biosciences  for $1.2 billion in cash, the companies said on Wednesday, marking the Zepbound maker's latest push to expand beyond its blockbuster diabetes and weight-loss drugs.nL4N3Y81JD

** AbbVie  on Wednesday denied it was in talks to buy Revolution Medicines  after the Wall Street Journal reported the drugmaker was in advanced discussions to acquire the cancer-drug developer.nL4N3Y81GA

 (Compiled by Sahil Pandey and Rajarshi Roy in Bengaluru)

 ((Sahil.Pandey@thomsonreuters.com))