Deals of the day-Mergers and acquisitions

PayPal Holdings

25/02/2026 10:47

Feb 25 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Wednesday:

** GSK  has agreed to pay $950 million in cash for Canadian biotech 35Pharma, marking the second major deal new CEO Luke Miels has struck to accelerate development of new medicines at the British drugmaker.

nL4N3ZL0H0

** South Korea's LG Energy Solution <373220.KS> is selling its 7.5% stake, or shares worth at least A$419 million ($297.99 million), in Australian lithium producer Liontown  in a block trade, according to a term sheet.

nL1N3ZL061

** French payments group Worldline  said it would sell its Indian payment services business to BillDesk for an estimated equity value of around 60 million euros ($71 million).

nFWN3ZK1I0

** Payments firm Stripe is considering an acquisition of PayPal  or parts of the digital payments pioneer, Bloomberg News reported on Tuesday, citing people familiar with the matter.

nL4N3ZK1Z6

 (Compiled by Rajarshi Roy and Megavarshini G. Somasundaram in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com))