Deals of the day-Mergers and acquisitions

Tencent Music Entertainment

10/06/2025 14:44

Adds: Tencent Music Entertainment Group, Brown & Brown, Expedia Updates: Kering Eyewear

June 10 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Tuesday:

** China's Tencent Music Entertainment Group <1698.HK> said it would buy domestic long-form audio platform Ximalaya  for about $2.4 billion in cash and stock, expanding its library of content to attract more paying users.

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** Insurance broker Brown & Brown  will buy rival Accession Risk Management in a $9.83 billion deal, the companies said, adding to a string of mega-mergers in recent years as industry players look to consolidate.

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** Peter Kern, the former chief executive of U.S. travel technology company Expedia, will buy troubled Italian luxury lingerie company La Perla, Italy's industry minister said.

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**  Kering Eyewear has agreed to buy Italian sunglass lens maker Lenti from Safilo , the unit of French luxury group Kering said, as it pushes for greater control of its supply chain.

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** Spanish engineering firm Sacyr  has agreed to sell its stake in three toll roads in different regions of Colombia for $1.6 billion, the company said, as it raises cash to expand in the United States.

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** Walt Disney  said on Monday it has completed its purchase of Hulu, agreeing to pay NBCUniversal an additional $438.7 million for its stake in the streaming service.

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 (Compiled by Rajarshi Roy and Padmanabhan Ananthan in Bengaluru)

 ((Padmanabhan.Ananthan@thomsonreuters.com))