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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions

- The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Tuesday:

** Portugal will "very soon" pick the winning bidder for a 44.9% stake in flag carrier TAP, Secretary of State for Infrastructure Hugo Espirito Santo said on Tuesday, describing the ideal buyer as a partner with the scale, investment capacity and international reach to strengthen the airline's competitiveness. nL8N45Z0L7

** Character.AI said on Monday it had filed for Chapter 11 bankruptcy in the US and agreed to sell some of its assets to Walt Disney DIS.N for $20 million. nL6N45Z0AN


** Japanese manufacturer Omron 6645.T will buy US industrial PC firm Onlogic and its parent company, Interlogic, for $675 million, the company said. nL6N45Z019


** Bumble BMBL.O is in advanced talks to be taken private by Ithaca Holdings in a deal valuing the dating app operator at roughly $1 billion, a source familiar with the matter told Reuters on Monday. nL4N45Y14V


(Compiled by Shania S Thomas in Bengaluru)

((shanias.thomas@thomsonreuters.com))

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