Deals of the day-Mergers and acquisitions

Reuters
Sep 23
Deals of the day-Mergers and acquisitions

Sept 22 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1945 GMT on Monday:

** Nvidia NVDA.O will invest up to $100 billion in OpenAI and supply it with data center chips, the companies said, marking a tie-up between two of the highest-profile players in the global artificial intelligence race. nL3N3V9179

** KBC Group KBC.BR said it is only exploring an acquisition of insurer Ethias NV after Bloomberg News reported that the Belgian lender was mulling a deal for Dutch rival ABN Amro Bank ABNd.AS. nL3N3V9161

** Compass COMP.N, the largest U.S. residential real estate broker, is set to buy Anywhere Real Estate HOUS.N in a deal valued at $4.2 billion, as it looks to strengthen its portfolio amid rising competition in the stagnating housing market. nL3N3V90QJ

** President Donald Trump this week will declare that a deal to divest TikTok's U.S. operations from its Chinese owner ByteDance will meet requirements set out in a 2024 law, a White House official said on Monday, adding that investors will include Oracle ORCL.N and private equity firm Silver Lake. nL2N3V90J7

** Singapore-listed data centre real estate investment trust Keppel DC REIT KEPE.SI said it will buy a data centre in Tokyo with parent Keppel KPLM.SI for 82.1 billion Japanese yen ($555.29 million). nL3N3V9152

** The ODP Corporation ODP.O, which owns office supply retailers Office Depot and OfficeMax, agreed to be taken private by an affiliate of Atlas Holdings for approximately $1 billion, the companies said. nL6N3V90LV

** Saks Global, parent of upscale department store chain Saks Fifth Avenue, said it has begun a process to explore selling a minority stake in luxury retailer Bergdorf Goodman to help reduce debt, a spokesperson told Reuters. nL2N3V807L

** Strive ASST.O said it will acquire Semler Scientific SMLR.O in an all-stock deal valued at about $1.34 billion, as the bitcoin-treasury company backed by former Republican U.S. presidential candidate Vivek Ramaswamy moves to expand its cryptocurrency holdings. nL3N3V9109

** International lottery operator Allwyn International will acquire a 62% stake in American fantasy sports operator PrizePicks for an initial cash consideration of $1.6 billion, helping Allwyn to expand its footprint in the lucrative U.S. gaming market. nL2N3V90GX

** United Arab Emirates real estate developer Arada has acquired a 75% stake in British developer Regal, it said, marking its second international foray after launching its Australia business last year. nL2N3V909K

** Healthcare service provider Premier PINC.O said it has agreed to be taken private by an affiliate of investment firm Patient Square Capital in a deal valued at about $2.6 billion. nL3N3V90P3

** French media group Canal+ CAN.L announced a new board to steer South African broadcaster MultiChoice MCGJ.J after taking control of the company through a 35 billion rand ($2.02 billion) acquisition. nL3N3V90LM

** Spanish bank BBVA BBVA.MC said it had raised its bid for smaller rival Sabadell SABE.MC by 10% to 17 billion euros ($19.95 billion), as part of its attempt to create the country's second-biggest bank by assets. nL5N3V905E

** The Indian government is planning to sell minority stakes in about half a dozen state-run companies, divestment secretary Arunish Chawla told television channel CNBC-TV18. nL2N3V905I

** Canadian pension fund La Caisse will buy Australian renewables developer Edify Energy for A$1.1 billion ($724.57 million), the companies said in a joint statement. nL3N3V90EJ

** Ardonagh Europe has agreed to acquire French wholesale and specialist broker Groupe Leader Insurance (GLI), the company said. nL6N3V90BI

** Saks Global, the parent of Saks Fifth Avenue, is in talks to sell a 49% stake in luxury retailer Bergdorf Goodman for about $1 billion, the Wall Street Journal reported on Sunday, citing people familiar with the matter. nL2N3V807L

(Compiled by Rajarshi Roy and Prakhar Srivastava in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com))

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