Reuters - Deals Today

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Monday, August 28, 2017

Western Digital group finalizing $17 billion deal for Toshiba chip unit: source

TOKYO (Reuters) - A consortium led by Western Digital Corp is close to an agreement to buy Toshiba Corp's $17.4 billion chip business, with the U.S. firm's CEO in Tokyo to finalize the long and contentious talks, a person familiar with the matter said.

GE shifts strategy, financial targets for digital business after missteps

NEW YORK (Reuters) - General Electric Co wants its industrial software business to cut costs and lift profits next year under new chief executive John Flannery, and is considering expanded partnerships and the possible sale of some equity in the unit, according to people familiar with the business.

CBS agrees to buy embattled Australian customer Ten Network

SYDNEY (Reuters) - CBS Corp , the United States' most-watched television network, on Monday said it plans to buy its biggest customer in Australia, Ten Network Holdings Ltd , and launch its streaming service in the country.

China's PICC in talks to acquire, buy stakes in Southeast Asian insurers

HONG KONG (Reuters) - Chinese insurance giant PICC Group is in talks to either acquire or buy a stake in several Southeast Asian insurers and expects some deals to close before the end of the year, a senior executive said on Monday.

Gilead to buy Kite Pharma for about $12 billion

(Reuters) - Gilead Sciences Inc has agreed to buy immunotherapy developer Kite Pharma Inc in an all-cash deal valued at $11.9 billion, the companies said on Monday.

Fusion to buy privately held Birch's cloud, business services unit: sources

(Reuters) - Fusion Telecommunications International Inc will buy the cloud and business services unit of Birch Communications in a deal that creates a combined company worth about $950 million, including debt, according to people familiar with the matter.

German government says Air Berlin bridging loan on schedule

BERLIN (Reuters) - A German government bridging loan for insolvent Air Berlin has not yet been paid out but the timetable for disbursing the credit is on schedule, a spokeswoman for the Economy Ministry said on Monday.

Indonesia's APP denies plan to buy Eldorado Brasil

JAKARTA (Reuters) - Indonesia's Asia Pulp & Paper Co (APP) and its parent Sinar Mas Group denied they were planning to buy pulpmaker Eldorado Brasil Celulose SA, which is up for sale after its controlling shareholders got ensnared in Brazil's worst corruption probe.

Chipmaker Littelfuse to buy IXYS for $750 million

(Reuters) - Chipmaker Littelfuse Inc said on Monday it would buy peer IXYS Corp for about $750 million in cash and stock as the company expands into the lucrative automotive market.