Deals of the day-Mergers and acquisitions

Sumitomo

29/10/2025 09:39

Oct 29 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Wednesday:

** Japan's Sumitomo Corp <8053.T> said it would spend about 881.7 billion yen ($5.85 billion) to turn SCSK <9719.T>, an IT service company, into a wholly owned subsidiary.

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** Japanese technology group NEC <6701.T> will pay about $2.89 billion to acquire U.S.-based telecoms and broadband software company CSG Systems , it said.

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** Chinese private equity firm Boyu Capital has emerged as the frontrunner to buy a controlling stake in Starbucks'  China business in a deal that could value the unit at more than $4 billion, Bloomberg News said on Tuesday.

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** Medical equipment maker Thermo Fisher  is nearing an all-cash takeover of U.S-based Clario in a deal that could value the clinical trial data management company at about $10 billion, the Financial Times reported on Tuesday.

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**  Private equity firm Francisco Partners is close to a deal to buy device management software provider Jamf , two people familiar with the matter said, taking the company private a little more than five years after its market debut.

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** Argentina's state-run oil company YPF YPFDm.BA said on Tuesday it has acquired the remaining 50% stake in Refinor from Hidrocarburos del Norte for $25.2 million.

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** Nvidia  will pay $1 billion for a stake of 2.9% in Nokia  as part of a deal focused on AI and data centers, the Finnish telecom equipment maker said on Tuesday as its shares hit their highest level in nearly a decade.

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 (Compiled by Rajarshi Roy and Anhata Rooprai in Bengaluru)

 ((Anhata.Rooprai@thomsonreuters.com))