Deals of the day-Mergers and acquisitions

Motorola Solutions

21/05/2025 21:05

Updates: Motorola; adds: OpenAI, Medtronic

May 21 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:

** OpenAI is buying Jony Ive's startup io Products in a $6.5 billion deal and will bring the chief designer of early iPhones on board as creative head to develop devices tailored for the generative artificial intelligence era. nL4N3RT1CQ

** Medical device maker Medtronic MDT.N said on Wednesday it plans to separate its diabetes business, which houses its insulin pumps and other wearable devices, into a stand-alone company and forecast 2026 adjusted profit below estimates. nL4N3RT0M0

** Motorola Solutions MSI.N is in advanced talks to acquire closely held wireless-radio maker Silvus Technologies for around $4.5 billion, Bloomberg News reported on Wednesday, citing people familiar with the matter.

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** Russia's largest oil producer Rosneft  has acquired Tomtor, the country's largest rare earth metal deposit, a companies registry showed, after President Vladimir Putin's call last year for development of the field to be accelerated.

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** Colombian state-run oil company Ecopetrol  said it agreed to buy 10 wind and solar energy project development companies from Norway's Statkraft.

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** China Mobile <600941.SS>, the world's biggest wireless carrier by users, is moving closer to a deal to take over Hong Kong broadband company HKBN <1310.HK> after rival bidder I Squared Capital dropped out of the race, three sources said.

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 (Compiled by Rajarshi Roy, Priyanka.G and Jaiveer Shekhawat in Bengaluru)

 ((jaiveersingh.shekhawat@thomsonreuters.com))