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Deals of the day-Mergers and acquisitions
Dec 17, 2024 2:59 AM

Dec 17 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 1030 GMT on Tuesday:

** Alibaba Group ( BABA ) said it would sell its Chinese

department store unit Intime and book a $1.3 billion loss from

the deal, as the retail giant reshuffles its business portfolio

to focus on its core e-commerce operation.

** British commercial property firm Land Securities ( LSGOF )

said it acquired a 92% stake in shopping

centre Liverpool ONE for 490 million pounds ($622.1 million),

betting on retailers' focus on "bigger and better" stores.

** A U.S. investment group has acquired Israeli spyware

vendor Paragon, a competitor to digital surveillance provider

NSO Group, Israeli newspaper Haaretz reported on Monday.

(Compiled by Rajarshi Roy and Kritika Lambain Bengaluru)

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