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Deals of the day-Mergers and acquisitions
May 26, 2025 3:52 AM

May 8 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on

Thursday:

** Japan's Nidec Corp ( NNDNF ) said it was withdrawing its bid

for Makino Milling Machine ( MKMLF ), giving up on its

unsolicited takeover plan after Makino threatened to mount a

"poison pill" takeover defence.

** Japanese telecoms firm Nippon Telegraph and Telephone ( NPPXF )

announced plans to take its subsidiary NTT Data ( NTTDF )

private by purchasing the shares it does not already

own for 2.37 trillion yen ($16.4 billion).

** London-based mobile game developer Tripledot Studios has

agreed to buy marketing platform AppLovin's ( APP ) mobile games

studio portfolio for about $800 million in cash and stock, it

said.

** U.S.-listed ride-hailing and food delivery company Grab

is looking to strike a deal to take over smaller

Indonesian rival GoTo in the second quarter, two

sources with knowledge of the matter said.

(Compiled by Rajarshi Roy and Neil J Kanatt in Bengaluru)

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