Deals of the day-Mergers and acquisitions

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Deals of the day-Mergers and acquisitions

Reuters12-17

Dec 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Tuesday:

** Alibaba Group said it would sell its Chinese department store unit Intime and book a $1.3 billion loss from the deal, as the retail giant reshuffles its business portfolio to focus on its core e-commerce operation.

** British commercial property firm Land Securities (Landsec) said it acquired a 92% stake in shopping centre Liverpool ONE for 490 million pounds ($622.1 million), betting on retailers' focus on "bigger and better" stores.

** A U.S. investment group has acquired Israeli spyware vendor Paragon, a competitor to digital surveillance provider NSO Group, Israeli newspaper Haaretz reported on Monday.

(Compiled by Rajarshi Roy and Kritika Lambain Bengaluru)

((Kritika.Lamba@thomsonreuters.com))

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