Deals of the day-Mergers and acquisitions

Reuters01-30 19:08
Deals of the day-Mergers and acquisitions

Jan 30 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1050 GMT on Friday:

** Britain's Pinewood Technologies PINE.L surged as much as 28% on Friday after the automotive service provider said it was set to agree a 575.5 million pounds ($792.06 million) deal with Apax Partners if the private equity firm tables a formal offer.

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** German media group Bertelsmann's <BTGGg.F> BMG Rights Management is considering a cash-and-stock offer for music company Concord in a deal that could be valued as high as $7 billion, Bloomberg News reported, citing sources.

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** Aluminium Corporation of China (Chinalco) <601600.SS> and Rio Tinto <RIO.AX> agreed to acquire a controlling stake in Companhia Brasileira de Aluminio <CBAV3.SA> for 4.69 billion reais ($903.61 million), the firms said.

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** Elon Musk's SpaceX is considering a potential merger with Tesla <TSLA.O> as well as an alternative combination with artificial-intelligence company xAI, Bloomberg News reported, citing people familiar with the matter.

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** Australia's Nine Entertainment <NEC.AX> said it will buy digital outdoor media group QMS for A$850 million ($599.08 million) while selling its radio arm and shifting regional TV to an affiliate, accelerating a pivot to higher-growth digital assets.

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** Apple <AAPL.O> said it has acquired Q.ai, an Israeli startup working on artificial intelligence technology for audio.

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(Compiled by Rajarshi Roy and Parth Chandna in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com ))

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