Deals of the day-Mergers and acquisitions

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds: Microsoft, Pushpay, Fresenius, AT&T, Teck Resources) Feb 21 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2130 GMT on Tuesday:
** Microsoft Corp has struck a 10-year deal to bring "Call of Duty" and other Activision games to Nvidia Corp's gaming platform, if the Xbox maker is allowed to complete its much-contested $69 billion acquisition of Activision.
** Three institutional investors in New Zealand's Pushpay Holdings have notified the payment platform provider that they intend to vote against its NZ$1.53 billion buyout by private equity investors, the company said on Wednesday.
** The chief executive of Fresenius , Michael Sen, said on Tuesday that Spanish hospitals business Quironsalud would remain a "core" part of the group, denying a report by newspaper Cinco Dias that a sale was on the cards.
* AT&T Inc , the second-biggest U.S. wireless carrier, is exploring a sale of its cybersecurity division, potentially undoing an acquisition it completed five years ago, according to people familiar with the matter.
** American Equity Investment Life Holding Co's shares fell nearly 13% on Tuesday as insurer Prosperity Group ended its efforts to acquire the annuities provider.
** The German and Dutch economy ministries said they cannot confirm a Bloomberg news agency report saying Berlin was in discussions to pay more than 20 billion euros ($21.32 billion) for Dutch electricity grid operator TenneT's German unit.
** Teck Resources Ltd said on Tuesday it would be spinning off its steelmaking coal unit as the Canadian miner focuses on industrial metals such as copper, which are crucial to the global energy transition.
** Caligan Partners is urging Anika Therapeutics to consider strategic alternatives including a full sale, and is preparing to nominate directors to the biotech company's board, according to a letter to the board which was seen by Reuters. (Compiled by Anirban Chakroborti in Bengaluru)

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