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Deals of the day-Mergers and acquisitions

ReutersMay 8, 2025 1:37 PM

- The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Thursday:

** Coinbase COIN.O, the largest publicly traded cryptocurrency exchange, said it will buy derivatives exchange Deribit for $2.9 billion.

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** Specialty MGA Optio Group has acquired UK-based MGA Custodian Management for an undisclosed sum, the company said.

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** Japan's Nidec Corp <6594.T> said it was withdrawing its bid for Makino Milling Machine <6135.T>, giving up on its unsolicited takeover plan after Makino threatened to mount a "poison pill" takeover defence.

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** Japanese telecoms firm Nippon Telegraph and Telephone <9432.T> announced plans to take its subsidiary NTT Data <9613.T> private by purchasing the shares it does not already own for 2.37 trillion yen ($16.4 billion).

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** London-based mobile game developer Tripledot Studios has agreed to buy marketing platform AppLovin's mobile games studio portfolio for about $800 million in cash and stock, it said.

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** U.S.-listed ride-hailing and food delivery company Grab is looking to strike a deal to take over smaller Indonesian rival GoTo in the second quarter, two sources with knowledge of the matter said.

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