Deals of the day-Mergers and acquisitions
Deals of the day-Mergers and acquisitions Adds: Nvidia, Rokstone Updates:
September 3 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Thursday:
** Nvidia NVDA.O will buy popular developer platform Hugging Face for $12.93 billion, betting that support for open AI models will drive future demand even as its biggest customers develop their own chips to reduce reliance on the semiconductor giant.
nL4N44V0WT
** Rokstone has completed the acquisition of specialist marine and logistics MGA Post & Co, the Aventum-owned (re)insurance MGA said.
nL6N44V0PY
** Bridgepoint has acquired a 70% stake in VIPR in a deal that values the delegated authority technology provider at around £80 million ($100 million).
nL6N44U0YG
** South Korea's Samsung Group-affiliated insurers plan to acquire London-based reinsurance company Canopius by buying an additional 50% stake for more than 2 trillion won ($1.47 billion), the Korea Economic Daily said.
nL1N44U1DS
** U.S.-based Diversified Energy DEC.N said on Wednesday it will acquire privately held Birch for about $1.8 billion, expanding its presence in the oil- and gas-rich Permian Basin.
nL6N44U1FE
** South Korea's Samsung Group-affiliated insurance companies plan to acquire London-based reinsurance company Canopius by buying an additional 50% share for more than 2 trillion won ($1.47 billion), the Korea Economic Daily reported.
nL1N44U1CR
** Amwins Underwriting has added to its MGA portfolio with the acquisition of Joseph Chiarello & Co, Inc, a provider of commercial insurance solutions to the firearms industry.
nL6N44U1BF
** Thoma Bravo-owned Proofpoint is in talks to buy cybersecurity firm Varonis Systems VRNS.O, a source familiar with the matter told Reuters on Wednesday.
nL4N44U1Q6
** Shell Offshore, a subsidiary of British oil and gas major Shell SHEL.L, said on Wednesday it would acquire a 30% stake in the BP-operated BP.L Conifer exploration prospect in the Gulf of Mexico.
nL1N44U113
** London-based Oneglobal Broking has acquired Latam Reinsurance Brokers (Latam Re), an independent reinsurance broker headquartered in Panama City, Panama.
nL6N44U151
(Compiled by Sahil Pandey and Rajarshi Roy in Bengaluru)