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Deals of the day-Mergers and acquisitions

ReutersJun 10, 2025 1:44 PM

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

China's Tencent Music Entertainment Group <1698.HK> said it would buy domestic long-form audio platform Ximalaya <XIMA.N> for about $2.4 billion in cash and stock, expanding its library of content to attract more paying users.

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Insurance broker Brown & Brown <BRO.N> will buy rival Accession Risk Management in a $9.83 billion deal, the companies said, adding to a string of mega-mergers in recent years as industry players look to consolidate.

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Peter Kern, the former chief executive of U.S. travel technology company Expedia, will buy troubled Italian luxury lingerie company La Perla, Italy's industry minister said.

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Kering Eyewear has agreed to buy Italian sunglass lens maker Lenti from Safilo <SFLG.MI>, the unit of French luxury group Kering said, as it pushes for greater control of its supply chain.

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Spanish engineering firm Sacyr has agreed to sell its stake in three toll roads in different regions of Colombia for $1.6 billion, the company said, as it raises cash to expand in the United States.

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Walt Disney said on Monday it has completed its purchase of Hulu, agreeing to pay NBCUniversal an additional $438.7 million for its stake in the streaming service.

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