Deals of the day-Mergers and acquisitions

Xcel Energy

24/02/2026 21:04

Adds: Stripe, Indian Railway Finance Corp

Feb 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Tuesday:

** Payments firm Stripe is considering an acquisition of all or parts of PayPal PYPL.O, Bloomberg News reported, citing people familiar with the matter. nL4N3ZK1Z6

** India said it will divest an up to 4% stake in Indian Railway Finance Corp INID.NS through an offer for sale on Wednesday. [nL6N3ZK12D]

** Swedish self-driving truck startup Einride has sold a majority stake in its design organisation and will retain a minority ownership, the company said. nFWN3ZK0PA

** Frontier Biotechnologies <688221.SS> said it has struck a deal with GSK , granting the British drugmaker worldwide rights to develop two small interfering RNA therapies targeting kidney diseases in an agreement that could be worth up to $1 billion. nL6N3ZK0PM

** Warner Bros Discovery WBD.O said it was considering a new bid from Paramount Skydance without disclosing the value of the deal, as the CBS owner makes a last-ditch effort to thwart Netflix from buying the coveted Hollywood studio. nL4N3ZK185

** Paramount Skydance  submitted a higher offer for Warner Bros Discovery , a source familiar with the matter told Reuters on Monday, ratcheting up efforts to derail the HBO Max owner's deal with Netflix. nL4N3ZJ1PK

** Australian life insurer ClearView Wealth  said it has agreed to be acquired by a local unit of Zurich Insurance Group , Europe's second-largest insurer by market value, for A$408.3 million ($288.30 million). nL6N3ZK000

** Canadian railroad contractor Cando Rail & Terminals will buy U.S. peer Savage Rail as it expands its footprint across the U.S., Cando announced on Monday. nL1N3ZJ16K

** Citigroup  said on Monday it had entered into agreements to sell a 24% stake in Banamex to a group of institutional investors and family offices for around $2.5 billion. nL6N3ZJ0ZV

(Compiled by Rajarshi Roy, Apratim Sarkar and Sumit Saha in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com))