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Deals of the day-Mergers and acquisitions

ReutersMay 8, 2025 9:46 AM

- The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Thursday:

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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