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Deals of the day-Mergers and acquisitions

ReutersMar 10, 2025 8:35 PM

- The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:

CoreWeave, an artificial intelligence startup backed by Nvidia NVDA.O, has signed a five-year cloud-computing contract worth $11.9 billion with OpenAI ahead of its hotly anticipated stock market launch, people familiar with the matter told Reuters.
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ServiceNow NOW.N said it would buy artificial intelligence company Moveworks for $2.85 billion, marking the software maker's largest-ever acquisition as it looks to expand its product portfolio and attract more customers.

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Rocket Companies RKT.N said it would acquire real estate listing platform Redfin RDFN.O in an all-stock deal valued at $1.75 billion, seeking to boost its lending business.

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Canada's oil producer Whitecap Resources WCP.TO will merge with peer Veren VRN.TO in an all-stock deal valued at C$15 billion ($10.43 billion) including debt, to form an energy giant with a larger footprint in the country's lucrative shale play.

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Broker consolidator PIB Group has expanded its MGA division with the acquisition of specialist litigation insurance MGA Litica.

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Sumitomo Mitsui Finance and Leasing (SMFL) SUMFL.UL said its joint venture will acquire Macquarie Rotorcraft, the UK-based helicopter leasing business of financial giant Macquarie's MQG.AX asset management arm. nL4N3PT0HN

Britain's Alliance Pharma ALAPH.L said it has agreed to a sweetened final cash proposal from asset management firm DBAY Advisors, valuing the healthcare group at about 362 million pounds ($467.5 million). nL4N3PT0GL

Swiss private bank J. Safra Sarasin Group has agreed to buy 70% of Denmark's Saxo Bank in a deal valued at around 1.1 billion euro ($1.19 billion), Saxo Bank said. nL8N3PT057

India's Sun Pharmaceutical Industries SUN.NS said it will acquire Checkpoint Therapeutics CKPT.O, a U.S.-based immunotherapy and targeted oncology company, for $355 million. nL4N3PT05G

Japan's Seven & i Holdings 3382.T said that talks have begun with Canada's Alimentation Couche-Tard (ACT) over a store sale plan that would set the stage for ACT's $47 billion takeover bid. nL1N3PT00L

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