Deals of the day-Mergers and acquisitions

ITC Hotels

05/12/2025 11:06

Dec 5 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Friday:

** British American Tobacco  has sold more than half its stake in ITC Hotels  for about 38 billion rupees ($424.70 million), the tobacco giant said.

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** Netflix  is in exclusive talks to buy Warner Bros Discovery's  film and television studios along with its streaming assets after offering $28 per share, a source with direct knowledge of the matter said.

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** Turkish digital asset platform Paribu said it acquired a majority stake in the Bahrain- and Dubai-based cryptocurrency platform CoinMENA in a transaction valuing the company at up to $240 million.

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 (Compiled by Rajarshi Roy and Pragyan Kalita in Bengaluru)

 ((PragyanKalita@thomsonreuters.com))