Deals of the day-Mergers and acquisitions

CAR

27/06/2022 11:00

June 27 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1000 GMT on Monday:
    ** Dutch technology investor Prosus NV  PRX.AS ,  PRXJn.J 
announced it will gradually sell down its massive stake in
Tencent  0700.HK , reversing a pledge to retain the holding for
a couple of years and knocking shares in the Chinese tech giant
 urn:newsml:reuters.com:*:nL1N2YE085
    
    ** Britain's CareTech  CTH.L  has agreed to be bought by a
consortium led by its co-founders for about 870.3 million pounds
($1.1 billion) as the social care services firm opts for its
founders' experience to steer the ship over a rival bidder
 urn:newsml:reuters.com:*:nL4N2YE12V
 
    ** Australian online auto classifieds firm Carsales.com Ltd
 CAR.AX  said it acquired the remaining 51% stake in U.S.-based
Trader Interactive for $809 million, a year after buying 49% in
the Virginia-based online advertising company  urn:newsml:reuters.com:*:nL4N2YE04G
    
 

 (Compiled by Rithika Krishna in Bengaluru)
 ((Rithika.Krishna@thomsonreuters.com; Twitter: https://twitter.com/rithika_krishna;))