Deals of the day-Mergers and acquisitions

Sinclair

24/11/2025 21:03

Adds Sinclair, Blue Owl Capital

Nov 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Monday:

** U.S. broadcaster Sinclair SBGI.O has offered to buy E.W. Scripps SSP.O in a cash-and-stock deal that values its smaller rival at $538 million, as cord-cutting and competition from streaming services lead to consolidation in the media industry.

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** Dating app Grindr GRND.N said it has ended talks on a $3.46 billion take-private deal by its two largest shareholders, citing uncertainty over the deal's financing.

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** Blue Owl Capital OWL.N is considering reviving a plan to merge two of its private credit funds if the share price of the larger fund improves, as the alternative asset manager evaluates its options after facing investor backlash against the move last week, according to two people familiar with the matter.

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** BHP  abandoned a last-ditch effort to buy rival Anglo American  and bolster its dominance in copper, just two weeks before Anglo and Teck Resources' shareholders were set to vote on a $60 billion merger.

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** Monash IVF Group  said it had rejected an offer from a consortium that valued the Australian fertility services provider at A$311.7 million ($201.11 million), sending its shares soaring to a six-month high.

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** Qube Holdings  said that Macquarie Asset Management, a unit of Macquarie , submitted a non-binding proposal to acquire all issued shares of Qube for A$5.20 in cash per share, valuing the company at A$11.6 billion ($7.49 billion), including debt.

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 (Compiled by Rajarshi Roy and Koyena Das and Parth Chandna in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com))