Reuters - Deals Today

Click to View in Browser

Wednesday, August 23, 2017

Osram agrees to buy U.S. software provider Digital Lumens: source

MUNICH, Germany (Reuters) - Germany's Osram has agreed to buy U.S.-based software provider Digital Lumens for a mid-double-digit million-dollar sum, a source familiar with the matter said on Wednesday.

Air Berlin creditors meet as bidders jockey for position

BERLIN (Reuters) - Air Berlin's creditors are meeting on Wednesday for the first time as bidders jostle for position for the insolvent carrier's assets, although major progress is not expected yet, sources told Reuters.

Blackstone explores IPO of Gates Global: sources

(Reuters) - Private equity firm Blackstone Group LP is exploring an initial public offering (IPO) of Gates Global LLC, three years after it acquired the U.S. auto parts and building products maker for $5.4 billion, people familiar with the matter said on Tuesday.

JD.com, Thai retailer Central in talks for $500 million e-commerce JV: sources

BANGKOK/HONG KONG (Reuters) - China's JD.com Inc is in advanced talks with Thailand’s Central Group to launch an e-commerce joint venture in Thailand with a planned total investment of $500 million, people familiar with the matter told Reuters.

Intesa Sanpaolo seals deal to buy Swiss private bank Banque Morval

MILAN (Reuters) - Italy's largest retail bank Intesa Sanpaolo said on Wednesday it had reached an agreement to buy Switzerland's Banque Morval.

China conditionally approves Broadcom's acquisition of Brocade Comms

BEIJING (Reuters) - China's commerce ministry has conditionally approved chipmaker Broadcom Ltd's acquisition of Brocade Communications Systems , it said on Wednesday.

Sale of ANZ stake in Malaysia's AmBank scrapped as RHB deal collapses: sources

KUALA LUMPUR/SINGAPORE (Reuters) - Australia and New Zealand Banking Group Ltd's plans to sell its stake in AMMB Holdings (AmBank) Bhd have fallen through after a proposed acquisition of the Malaysian lender by a domestic rival was scrapped, sources familiar with the matter said.

China's Fosun invests in local version of bitcoin tech blockchain

BEIJING (Reuters) - Chinese conglomerate Fosun Group has made a foray into blockchain with an investment in the Shanghai startup behind Onchain, a local version of the much-hyped technology that underpins virtual currencies such as bitcoin.

Toshiba prioritizes talks with Western Digital on chips business sale: Nikkei

TOKYO (Reuters) - Japan's Toshiba Corp is prioritizing talks with Western Digital to sell its memory chip business, as negotiations with a previously preferred bidder have stalled, the Nikkei business daily reported on Wednesday.

China automaker Chery won't take M&A route for planned overseas growth: CEO

SHANGHAI (Reuters) - Chinese state-owned Chery Automobile Co [CHERY.UL] aims to rely only on organic means to grow its international sales, its CEO said, underlining a strategy that is different from its private sector rivals who have either made or are considering acquisitions.