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Deals

EU opens competition probe into Apple's bid for music app Shazam

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BRUSSELS EU antitrust regulators opened an investigation on Monday into Apple's bid for British music discovery app Shazam, concerned the deal might give the iPhone maker an unfair advantage in poaching users from its rivals.

Clouds over hospital chain Fortis keep suitors from making higher bids 23 Apr 2018

MUMBAI/BENGALURU Fortis Healthcare Ltd has received as many as five offers for control of its private hospital business, but suitors have so far held back from making bold bids for the group as it faces rising debt and a regulatory probe.

Walmart could buy controlling stake in Flipkart as early as next week - sources 20 Apr 2018

MUMBAI Walmart Inc could seal a deal to buy a more than 51 percent stake in Indian online marketplace Flipkart as early as next week, two sources familiar with the matter said on Friday.

CenterPoint Energy to buy Vectren in $6 billion deal 23 Apr 2018

U.S. gas and electric utility CenterPoint Energy said on Monday it would buy rival Vectren Corp for about $6 billion to diversify its customer base and give it more scale.

Ireland's Smyths Toys to buy Toys 'R' Us in Germany, Austria, Switzerland 21 Apr 2018

BERLIN Irish toys group Smyths Toys has signed a deal to take over Toys 'R' Us in Germany, Austria and Switzerland, the German arm of the insolvent retailer said on Saturday.

Russian nod moves Bayer closer to wrapping up Monsanto deal 20 Apr 2018

FRANKFURT Russia's antitrust regulator FAS has approved Bayer's planned takeover of Monsanto, the German drugs and crop chemicals maker said, as it enters the home stretch to closing the $62.5 billion deal.

Fortis Healthcare to form committee to assess binding bids 19 Apr 2018

Indian hospital operator Fortis Healthcare will set up an advisory committee to evaluate binding offers from suitors lining up to buy the cash-strapped company or take a stake.

AT&T CEO Stephenson says Time Warner deal needed in content-dependent world 20 Apr 2018

WASHINGTON AT&T CEO Randall Stephenson said on Thursday his company's bid to buy movie and TV show maker Time Warner would allow the two firms to serve customers better by lowering pay TV rates, rejecting government arguments the deal would raise consumer prices.

Hero Enterprise, Burman raise bid for Fortis 19 Apr 2018

Fortis Healthcare Ltd said on Thursday it had received an improved binding offer worth 15 billion rupees ($228.3 million) from Hero Enterprise Investment Office and Burman Family Office.

Shire rejects $63 billion Takeda bid as Allergan drops pursuit 20 Apr 2018

NEW YORK/LONDON Rare disease drug maker Shire Plc said on Thursday it had rejected a $63 billion cash-and-stock acquisition offer by Japan's Takeda Pharmaceutical Co Ltd , while Allergan Plc reversed course on pursuing a rival bid.