Deals of the day-Mergers and acquisitions

Prosiebensat 1 Media SE

03/09/2025 14:38

Adds: Cato Networks, MFE-MediaForEurope

September 3 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday:

** Israeli cyber security firm Cato Networks said it was buying cyber startup Aim Security, its first ever acquisition, and raising another $50 million in a private funding round.

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** MFE-MediaForEurope  has secured a stake of above 70% in ProSiebenSat.1  following its takeover bid for the German broadcaster, sources close to the matter told Reuters. nL8N3UQ0JE

** Australia's Steadfast Group has strengthened its U.S. footprint after acquiring a majority stake in MGA and wholesaler Novum Underwriting Partners LLC. nL6N3UP12Z

** Global Indemnity subsidiary Penn-America Underwriters has completed the acquisition of Sayata, an AI-enabled digital distribution marketplace for commercial insurance. nL6N3UP110

** Skyward Specialty Insurance Group has agreed a $555 million deal to acquire 100% of Apollo Group Holdings Limited from Alchemy, the Lloyd's insurer's management, employees and other strategic investors. nL6N3UP128

 (Compiled by Rajarshi Roy and Ateev Bhandari in Bengaluru)

 ((Ateev.Bhandari@thomsonreuters.com))