Deals of the day-Mergers and acquisitions

Weyerhaeuser

23/05/2025 10:57

May 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Friday:

** RedBird Capital Partners, the U.S. fund that bought Britain's Telegraph newspaper in partnership with UAE-owned IMI, will take control of the publication after agreeing a deal that values the enterprise at 500 million pounds ($673 million).

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** The U.S. Federal Trade Commission dropped a case that sought to block Microsoft's  $69 billion purchase of "Call of Duty" maker Activision Blizzard, saying on Thursday that pursuing the case against the long-closed deal was not in the public interest.

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** Lumber company Weyerhaeuser  said on Thursday it will acquire nearly 117,000 acres of timberlands in North Carolina and Virginia from a unit of Roseburg Forest Products for $375 million.

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** OnlyFans owner Fenix International Ltd is in talks to sell the porn-driven company to an investor group at a valuation of around $8 billion, three sources familiar with the matter told Reuters.

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 (Compiled by Rajarshi Roy in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com))