Deals of the day-Mergers and acquisitions

SQUARE ENIX HOLDINGS

02/05/2022 14:30

(Adds Twitter, Interros group, Square Enix and CH-AUTO
Technology; Updates Activision Blizzard)
    May 2 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 1930 GMT on Monday:
    
    ** Elon Musk is in talks with large investment firms and
high net-worth individuals about taking on more financing for
his $44 billion acquisition of Twitter Inc  TWTR.N  and tying up
less of his wealth in the deal, people familiar with the matter
said.  urn:newsml:reuters.com:*:nL2N2WU1AX
    
    ** Chinese electric-vehicle company CH-AUTO Technology Corp
Ltd said it had agreed to go public with a U.S. blank-check firm
in a deal valued at nearly $1.7 billion, including debt.
 urn:newsml:reuters.com:*:nL3N2WU1F8
    
    ** Japanese gaming company Square Enix  9684.T  will reduce
its developer presence in the West with the sale of the studios
behind franchises "Tomb Raider", "Deux Ex" and "Thief" to
Sweden's Embracer Group  EMBRACb.ST  for $300 million.
 urn:newsml:reuters.com:*:nL2N2WU08U
    
    ** Russian billionaire Vladimir Potanin's Interros group
said it had bought United Card Services, part of Global Payments
Inc  GPN.N , its third deal in three weeks as it snaps up
financial assets from buyers exiting the Russian market.

    ** Ultra low-cost carrier Spirit Airlines  SAVE.N  rejected
JetBlue Airways Corp's  JBLU.O  $33-per-share takeover offer,
saying it had a low likelihood of winning approval from
government regulators.  urn:newsml:reuters.com:*:nL3N2WU126
    
    ** G-III Apparel Group Ltd  GIII.O  said it has agreed to
acquire the remaining 81% stake in Karl Lagerfeld for $210
million in cash, becoming the sole owner of the Parisian fashion
brand.  urn:newsml:reuters.com:*:nL3N2WU0W1
    
    ** Investment firm All Blue Capital has approached Zymeworks
Inc  ZYME.N , a developer of antibody therapies for cancer, with
a $773 million acquisition offer.  urn:newsml:reuters.com:*:nL2N2WQ35C 
    
    ** Japanese gaming firm Square Enix  9684.T  will cut back
its developer presence in the West with the sale of the studios
behind franchises "Tomb Raider", "Deux Ex" and "Thief" to
Sweden's Embracer Group  EMBRACb.ST  for $300 million.
 urn:newsml:reuters.com:*:nL2N2WU07U
    
    ** Tech billionaire Mike Cannon-Brookes is seeking to buy an
11.5% stake in AGL Energy  AGL.AX  nearly two months after
Australia's top power producer rejected a A$5.4 billion ($3.8
billion)takeover offer from his Grok Ventures and Canada's
Brookfield Asset Management, according to a market statement
from JPMorgan.  urn:newsml:reuters.com:*:nL2N2WU05L

    ** MGM Resorts International  MGM.N  has offered to acquire
Swedish online gaming company LeoVegas AB  LEOV.ST  for about
$607 million, paving the way for the U.S. casino operator to
expand its presence in Europe.  urn:newsml:reuters.com:*:nL3N2WU0IF
    
    ** Activision Blizzard Inc  ATVI.O  shares rose on Monday
after Warren Buffett said his company Berkshire Hathaway Inc
 BRKa.N  had taken a 9.5% stake in the video game maker, which
Microsoft Corp  MSFT.O  has agreed to buy for $68.7 billion.
 urn:newsml:reuters.com:*:nL2N2WU0YA
    

 (Compiled by Rajarshi Roy, Yuvraj Malik and Amruta Khandekar in
Bengaluru)
 ((Amruta.Khandekar@thomsonreuters.com))