Deals of the day-Mergers and acquisitions

Nidec

08/05/2025 10:46

May 8 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Thursday:

** Japan's Nidec Corp <6594.T> said it was withdrawing its bid for Makino Milling Machine <6135.T>, giving up on its unsolicited takeover plan after Makino threatened to mount a "poison pill" takeover defence.

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** Japanese telecoms firm Nippon Telegraph and Telephone <9432.T> announced plans to take its subsidiary NTT Data <9613.T> private by purchasing the shares it does not already own for 2.37 trillion yen ($16.4 billion).

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** London-based mobile game developer Tripledot Studios has agreed to buy marketing platform AppLovin's  mobile games studio portfolio for about $800 million in cash and stock, it said.

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** U.S.-listed ride-hailing and food delivery company Grab  is looking to strike a deal to take over smaller Indonesian rival GoTo  in the second quarter, two sources with knowledge of the matter said.

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 (Compiled by Rajarshi Roy and Neil J Kanatt in Bengaluru)

 ((Neil.JKanatt@thomsonreuters.com))