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Deals of the day-Mergers and acquisitions
May 26, 2025 1:10 PM

May 23 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on Friday:

** RedBird Capital Partners, the U.S. fund that bought Britain's

Telegraph newspaper in partnership with UAE-owned IMI, will take

control of the publication after agreeing a deal that values the

enterprise at 500 million pounds ($673 million).

** The U.S. Federal Trade Commission dropped a case that sought

to block Microsoft's ( MSFT ) $69 billion purchase of "Call of

Duty" maker Activision Blizzard, saying on Thursday that

pursuing the case against the long-closed deal was not in the

public interest.

** Lumber company Weyerhaeuser said on Thursday it will

acquire nearly 117,000 acres of timberlands in North Carolina

and Virginia from a unit of Roseburg Forest Products for $375

million.

** OnlyFans owner Fenix International Ltd is in talks to sell

the porn-driven company to an investor group at a valuation of

around $8 billion, three sources familiar with the matter told

Reuters.

(Compiled by Rajarshi Roy in Bengaluru)

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