M&A News

• US considers taking a 10% stake in Intel by converting CHIPS Act grants into equity, potentially becoming its largest shareholder. Reuters 

• Thoma Bravo in talks to acquire Israeli cybersecurity firm Armis from Insight Partners in a $5B deal. Reuters 

• Sinclair proposes spinning off its Ventures arm and merging its broadcast TV unit with Tegna in a $3.5B–$4B transaction, even as Tegna advances sale talks with Nexstar. Pitchbook 

• Investor group led by MCR Hotels to take Soho House private in a $2.7B deal. Bloomberg 

• Amphenol to acquire cable assembly manufacturer Trexon in a $1B all-cash deal. Bloomberg 

• Dongfeng Motor to sell its 50% stake in joint venture with Honda, valuing the partnership at $752M. Reuters 

• Legal & General’s Managed Property Fund to merge with Federated Hermes Property Unit Trust, creating a $6.4B AUM vehicle. Bloomberg 

• BlackRock’s Global Infrastructure Partners to buy nearly half of Eni’s carbon capture and storage business. Bloomberg 

• UK’s Starling Bank acquires accounting software startup Ember to expand SME tax tools offering. Bloomberg