Deals of the Day-Mergers and acquisitions

Sept 12 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Friday:

Microsoft MSFT.O and OpenAI said on Thursday they have signed a non-binding deal for new relationship terms that would allow OpenAI to proceed to restructure itself into a for-profit company, marking a new phase of the most high-profile partnerships to fund the ChatGPT frenzy.

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Paramount Skydance PSKY.O is preparing a bid to buy Warner Bros Discovery WBD.O, a source familiar with the matter told Reuters on Thursday, potentially bringing together two storied Hollywood studios and reshaping the entertainment industry.

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The liquidators of China Evergrande Group EV1.F have received non-binding indicative offers for the developer’s majority stake in its property management arm, and potential bidders will be invited to submit final offers as soon as November, a filing showed.

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Spanish bank Sabadell's board SABE.MC unanimously recommended its shareholders reject BBVA's BBVA.MC hostile takeover bid, a move that may add pressure on the rival to increase its offer.

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Carro, Southeast Asia's largest used-car online marketplace, is weighing a dual listing and plans to bulk up for it by expanding into Australia and pursuing two to three acquisitions as early as the next quarter, its CEO said.

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Late designer Giorgio Armani has instructed heirs to gradually sell the fashion brand he created 50 years ago or seek a stock market listing, his will said, marking a surprising turn for a company highly protective of its independence and Italian roots.

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