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Deals of the day-Mergers and acquisitions

Published 2018-09-24, 04:01 p/m
© Reuters.  Deals of the day-Mergers and acquisitions

(Adds Apple, Sirius XM, Blackstone (NYSE:BX) Group)

Sept 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:

** Satellite radio company Sirius XM Holdings Inc SIRI.O will buy online music service Pandora Media Inc P.N in a $3.5 billion all-stock deal that will help it battle growing competition from streaming rivals Spotify and Apple Music. Apple Inc AAPL.O has completed the acquisition of music discovery app Shazam, it said, weeks after the European Union approved the deal. Private equity firms TPG Capital TPG.UL and Blackstone Group BX.N have submitted bids to buy beleaguered Indian carrier Jet Airways' stake in its frequent flyer loyalty programme, television channel CNBC TV18 reported, citing sources. Malaysian telecoms firm Axiata Group Bhd's AXIA.KL tower unit is working on acquisition deals that it aims to complete in the next 12 months to boost its infrastructure portfolio, the company's chief executive officer said. German consumer goods group Henkel HNKG_p.DE is scanning the market for takeovers, its chief financial officer told a paper, declining to say whether it was looking at Nestle's NESN.S skin health unit that was put up for sale last week. Comcast CMCSA.O beat Rupert Murdoch's Twenty-First Century Fox FOXA.O in the battle for Sky SKYB.L after offering 30.6 billion pounds ($40 billion) in a dramatic auction to decide the fate of the pay-television group. The world's largest advertising company WPP Plc's WPP.L is preparing to consolidate some of its businesses in a bid to keep pace with the industry's digital shift, the Wall Street Journal reported. United Energy Group 0467.HK said it would buy Kuwait Energy IPO-KEC.L for up to $651 million as the Hong Kong-listed upstream oil and gas company aims to enter the Middle East and North Africa markets. Two of France's biggest supermarket groups were locked in a dispute, after Casino CASP.PA said it had rejected a tie-up approach from larger rival Carrefour CARR.PA that Carrefour denied ever making. Canada's Barrick Gold ABX.TO has agreed to buy Randgold Resources Ltd RRS.L in a $18.3 billion share deal to create the world's largest gold company by value and output in an industry under investor pressure to put capital to good use. U.S. fashion group Michael Kors Holdings Ltd KORS.N has sealed an agreement to take control of Italy's Versace, three sources familiar with the matter said, adding that an official announcement would be made this week.

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