Deals of the day - Mergers and acquisitions

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds FTX, Binance.US, Digital Currency Group, Telia) April 25 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1950 GMT on Tuesday:


** FTX has reached an agreement to sell its crypto derivatives platform LedgerX LLC to an affiliate of Miami International Holdings Inc for $50 million, the bankrupt crypto exchange said.
** Binance.US has called off its $1.3 billion deal to buy assets of bankrupt crypto lender Voyager Digital, citing a "hostile and uncertain regulatory climate."
** Digital Currency Group (DCG) said some creditors of its bankrupt unit Genesis Capital have decided to walk away from a prior restructuring agreement for the cryptocurrency lender.
** Swedish telecoms operator Telia Company has agreed to sell its Danish operations to electricity and internet provider Norlys for 6.25 billion Danish crowns ($919.85 million).
** Ultimate Fighting Championship (UFC) owner Endeavor Group Holdings said on Tuesday it will sell its sports-training boarding school IMG Academy to private equity firm EQT's Asian unit in an all-cash deal valued at $1.25 billion.
** French money manager Primonial said that it is weighing a piecemeal sale of its distribution and property investment operations, after a deal to find a buyer fell apart last year.
** Bondholders in French fashion group SMCP , the owner of labels such as Sandro and Maje, are expecting first-round, non-binding bids for their 37% stake in the company by mid-May, said two people with knowledge of the transaction.
** Online insurance marketplace Policygenius Inc has agreed to be acquired by fellow digital insurance platform Zinnia, to create a tech-focused platform covering the full insurance process, executives at the companies told Reuters. (Reporting by Ananta Agarwal and Granth Vanaik in Bengaluru)

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