Mergers and acquisitions

Mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported by 1920 GMT on Tuesday: ** Liberty Media , which owns Formula One, is set to secure unconditional EU antitrust approval for its 3.5-billion-euro ($3.8 billion) acquisition of MotoGP owner Dorna Sports, people with direct knowledge of the matter said. ** U.S. activist investor Boaz Weinstein's Saba Capital has sold its nearly 30% stake in British investment trust Keystone Positive Change (KPC) , a regulatory filing showed. ** Ripple said it will buy multi-asset prime broker Hidden Road in a $1.25 billion deal, one of the largest acquisitions by the crypto company. ** German chipmaker Infineon Technologies IFXGn.DE said on Monday it would buy Marvell Technology's MRVL.O automotive ethernet business for about $2.5 billion in cash, to expand its microcontroller segment.

Reuters