M&A

 Mergers & Acquisitions News (M&A)

• Fox Corp. agreed to acquire  streaming video platform Roku for $22B, including debt CNBC

• Qualcomm is in talks to acquire AI chip startup ​Tenstorrent for $8B-$10B Reuters

• Australian pharmacy group Sigma Healthcare withdrew from talks to acquire UK pharmacy chain Boots from Sycamore Partners for over $10B Forbes

• Aussie toll road operator Atlas Arteria recommended shareholders reject an improved $5.2B bid from IFM Investors Reuters

• Salesforce will acquire AI customer service firm Fin for $3.6B Yahoo.Finance

• Canadian payments firm Nuvei will acquire cross-border payments company Payoneer Global for $2.75B cash at a 44% premium Reuters

• Indian conglomerate Aditya Birla Group emerged as the frontrunner to buy Shell's Indian renewable power producer Sprng Energy at a $1.8B valuation Bloomberg

• Finnish retailer Kesko agreed to buy building materials distributor Dahl's Nordic operations from building materials giant Saint-Gobain for $1.4B, excluding debt Bloomberg

• American Express will buy restaurant booking platform TheFork from ‌Tripadvisor in a $700M all-cash deal Reuters

• Pacific Equity Partners, I Squared Capital, and Oaktree Capital submitted improved bids of reportedly over $550M for Aussie outdoor advertising firm oOh!media Bloomberg

• Champ, a new PE fund backed by fashion giant LVMH and over 200 pro athletes, took a $50M minority stake in activewear brand Rhoback Wall Street Journal