Deals of the day-Mergers and acquisitions

Purplebricks

15/03/2023 14:19

(Adds T-Mobile, Canadian Pacific, Microsoft, Shell Plc; updates Purplebricks)
       March 15 (Reuters) - The following bids, mergers, acquisitions and
disposals were reported by 1330 GMT on Wednesday:

        ** Telecom operator T-Mobile US Inc  TMUS.O  said it will acquire Ka'ena
Corp, the owner of Ryan Reynolds-backed budget wireless provider Mint Mobile,
for as much as $1.35 billion.  urn:newsml:reuters.com:*:nL4N35N3CJ
  
    
        ** The Surface Transportation Board, which oversees U.S. freight
railroads, said it had approved Canadian Pacific's  CP.TO  $31 billion deal to
acquire U.S. railroad Kansas City Southern with conditions.  urn:newsml:reuters.com:*:nL1N35N191
  
    
        ** Microsoft  MSFT.O  signed a 10-year licensing deal to bring
Activision's  ATVI.O  Call of Duty franchise to Japanese cloud gaming provider
Ubitus, the latest move by the company to address regulatory worries about its
bid for the games maker.  urn:newsml:reuters.com:*:nL1N35N10W
  
        
  
        ** Purplebricks Group  PURP.L , Britain's biggest online-only estate
agency, said it has held talks over a possible takeover offer with Strike Ltd
but the smaller rival was not currently participating in the formal sale
process.  urn:newsml:reuters.com:*:nL4N35N2EN
  
        
  
        ** Shell Plc  SHEL.L  has completed the sale of its stake in two
offshore production-sharing contracts in Malaysia's Baram Delta to Petroleum
Sarawak Exploration & Production Sdn.  urn:newsml:reuters.com:*:nL1N35N0P1
  
    
    ** Australia's Kelsian Group Ltd  KLS.AX  said it would acquire U.S.-based
coach and bus operator All Aboard America! Holdings Inc in a $325 million deal.
 urn:newsml:reuters.com:*:nL4N35N2A1

    ** Danish brewer Carlsberg  CARLb.CO  denied a media report that said the
company had agreed to sell its Russian business to Turkish rival Anadolu Efes
 AEFES.IS .  urn:newsml:reuters.com:*:nL8N35N139
    
    ** Italian telecom operator Wind Tre is planning to spin off its network
assets into a separate company as it resumed talks with Swedish private equity
firm EQT  EQTAB.ST  over a potential sale, two sources familiar with the matter
said.  urn:newsml:reuters.com:*:nL8N35M6NY
    
    ** Indian shadow lender Shriram Finance  SHMF.NS  is looking to pare as much
as 15% stake in its housing finance arm at a valuation of 10 billion rupees
($121.35 million), two senior sources with direct knowledge of the matter told
Reuters.  urn:newsml:reuters.com:*:nL4N35M1LJ
    
    ** Helios Investment Partners has been working with advisers to sell a stake
in Crown Agents Bank, a British provider of cross-border payments, sources
familiar with the matter told Reuters.  urn:newsml:reuters.com:*:nL8N35M66D
    
    ** Abu Dhabi-based artificial intelligence firm G42 acquired a $100 million
plus stake in ByteDance, valuing the Chinese unlisted owner of TikTok at $220
billion, Bloomberg News reported late on Tuesday, citing people with knowledge
of the deal.  urn:newsml:reuters.com:*:nL4N35N114
    
    ** Albertsons Companies Inc  ACI.N  said on Tuesday it would divest some
stores owned by the company and Kroger Co  KR.N  to obtain the regulatory
clearance needed to go ahead with the merger of the two firms.  urn:newsml:reuters.com:*:nL4N35M425

 (Compiled by Rajarshi Roy and Pratyush Thakur in Bengaluru)
 ((Pratyush.Thakur@thomsonreuters.com))