Reuters - Deals Today

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Wednesday, November 8, 2017

Qualcomm buy may pit Broadcom against Intel in 'connected car' fight

(Reuters) - If Broadcom Ltd's unsolicited $103 billion bid for Qualcomm Inc succeeds, it could set up a battle with Intel Corp for dominance in the production of the next generation of communications chips, which will play a vital role in so-called connected cars.

China's Tencent buys 12 percent stake in Snapchat owner

(Reuters) - China's Tencent now holds a 12 percent stake in Snapchat operator Snap Inc, Snap said on Wednesday, turning over a 20 percent slide in the U.S. company's share price after badly received third quarter results.

Fox in the Mouse House could give Disney an edge in streaming wars

LOS ANGELES (Reuters) - If Walt Disney Co buys some Twenty-First Century Fox businesses, it could provide a quick path for the traditional media giant to create a substantial competitor to Netflix Inc in the battle for TV and movie viewers.

Sky says it could shut Sky News if Fox takeover blocked

LONDON (Reuters) - British broadcaster Sky has said that it could shut down Sky News if its ownership of the channel proves to be an obstruction to the company's 11.7 billion-pound ($15.4 billion) takeover by Rupert Murdoch’s Twenty-First Century Fox .

Billionaire investor Ackman loses bitter ADP proxy battle

ROSELAND, N.J. (Reuters) - William Ackman got what Automatic Data Processing Inc's chief executive called an "ass-whipping" on Tuesday as the activist hedge fund manager lost an acrimonious fight to win seats on the payroll company's board.

Steinhoff didn't tell investors about nearly $1 billion in deals

LONDON (Reuters) - German-listed Steinhoff International did not tell investors about almost $1 billion in transactions with a related company despite laws that some experts believe require it to do so, a Reuters examination of filings and prospectuses has found.

Tencent's China Literature in smashing debut, boosts outlook for Hong Kong tech IPOs

HONG KONG (Reuters) - Tencent's e-book unit China Literature Ltd saw its shares surge more than 80 percent in their debut on Wednesday, as Hong Kong investors embrace a rush of tech listings, marking the biggest first-day gain for a large IPO globally this year.

Eyewear mega deal could hurt U.S. consumers, but still be approved

WASHINGTON (Reuters) - The world's biggest eyeglass frame maker is planning to merge with the largest lens maker in a tie-up U.S. antitrust experts fear will be bad news for consumers, but could still be approved.

China gives conditional approval to Maersk Line's acquisition of Hamburg Sud

BEIJING (Reuters) - China's commerce ministry said on Wednesday it has granted conditional approval for Maersk Line's planned acquisition of Hamburg Sud.

Subsidiary of Philippines' San Miguel to raise $3 billion via share sale

MANILA (Reuters) - The food and beverage unit of Philippine conglomerate San Miguel Corp plans to raise around $3 billion through a share sale early next year.