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Deals of the day-Mergers and acquisitions

ReutersMay 21, 2025 8:05 PM

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

OpenAI is buying Jony Ive's startup io Products in a $6.5 billion deal and will bring the chief designer of early iPhones on board as creative head to develop devices tailored for the generative artificial intelligence era. nL4N3RT1CQ

Medical device maker Medtronic MDT.N said on Wednesday it plans to separate its diabetes business, which houses its insulin pumps and other wearable devices, into a stand-alone company and forecast 2026 adjusted profit below estimates. nL4N3RT0M0

Motorola Solutions MSI.N is in advanced talks to acquire closely held wireless-radio maker Silvus Technologies for around $4.5 billion, Bloomberg News reported on Wednesday, citing people familiar with the matter.

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Russia's largest oil producer Rosneft has acquired Tomtor, the country's largest rare earth metal deposit, a companies registry showed, after President Vladimir Putin's call last year for development of the field to be accelerated.

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Colombian state-run oil company Ecopetrol said it agreed to buy 10 wind and solar energy project development companies from Norway's Statkraft.

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China Mobile <600941.SS>, the world's biggest wireless carrier by users, is moving closer to a deal to take over Hong Kong broadband company HKBN <1310.HK> after rival bidder I Squared Capital dropped out of the race, three sources said.

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