Deals of the day-Mergers and acquisitions

Liberty Broadband

13/11/2024 14:53

(Adds: Charter Communications  Updates: Just Eat Takeaway,
Seven & i Holdings)
       Nov 13 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1430 GMT on
Wednesday:

        ** Cable operator Charter Communications  CHTR.O  has
agreed to buy Liberty Broadband  LBRDA.O  in an all-stock deal,
the companies said.
  
         urn:newsml:reuters.com:*:nL4N3MK177
  
        
  
        ** Europe's biggest meal delivery firm Just Eat Takeaway
 TKWY.AS  said it had agreed to sell its U.S. unit, Grubhub, to
Wonder at a steep loss to the billions it paid a few years ago,
ending a years-long search for a buyer and boosting its shares.
  
         urn:newsml:reuters.com:*:nL1N3MK07H
  
        
  
        ** Japan's Seven & i Holdings  3382.T  has received a
buyout proposal from a member of its founding Ito family, it
said, a potential $58 billion white-knight bid as it weighs a
rival offer from Canada's Alimentation Couche-Tard  ATD.TO .
  
         urn:newsml:reuters.com:*:nL4N3MK09P
  

    ** Japan's Mizuho Financial Group  8411.T  will take a 15%
stake in Rakuten Group  4755.T  subsidiary Rakuten Card for 165
billion yen ($1.06 billion) in a further deepening of the two
companies' strategic alliance, they said.  urn:newsml:reuters.com:*:nL4N3MK0IJ

    ** Satellite TV provider DirecTV said on Tuesday it will
abandon its planned acquisition of EchoStar's  SATS.O  satellite
television business that includes Dish TV by Nov. 22 if
bondholders don't agree to a debt exchange.  urn:newsml:reuters.com:*:nL4N3MK07H

 (Compiled by Rajarshi Roy and Rishi Kant in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))