Deals of the day-Mergers and acquisitions

PayPal Holdings

25/02/2026 15:05

Adds: General Atlantic, EQT

Feb 25 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Wednesday:

**  Investment firm General Atlantic is selling an equity stake in ByteDance in a deal that values the Chinese social media giant at $550 billion, two people with knowledge of the matter said, marking a dramatic rise in the privately held shares.

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** Swedish private equity group EQT  said it had decided not to proceed with a takeover offer for Oxford Biomedica , sending the British cell and gene therapy manufacturer's shares down nearly 10% premarket.

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** 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.

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** 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.

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** 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).

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** 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.

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

 ((Rajarshi.Roy@thomsonreuters.com))