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Deals of the day-Mergers and acquisitions
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Deals of the day-Mergers and acquisitions
Apr 2, 2026 3:09 AM

April 2 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on

Thursday:

** Air France-KLM has submitted a non-binding offer to

buy a minority stake in TAP Air Portugal, the Franco-Dutch

airline group said, as the Portuguese government moves forward

with plans to privatise its flag carrier.

** Amazon ( AMZN ) is in talks to buy satellite telecom group Globalstar ( GSAT )

as it ramps up efforts to build its own low-earth-orbit

satellite business to rival SpaceX's Starlink, the Financial

Times reported on Wednesday, citing people familiar with the

matter.

** U.S. cosmetics giant Estee Lauder ( EL ) and Spanish firm

Puig are advancing talks to combine in a deal that

would consist mostly of stock, Bloomberg News reported on

Wednesday, citing people familiar with the matter.

** Gucci-owner Kering on Wednesday announced a deal struck with

Qatar's Al-Mirqab Group to sell it an 80% interest in its

property on Via Monte Napoleone in Milan for 1.16 billion euros

($1.35 billion).

** Investment manager Franklin Templeton said on

Wednesday it had agreed to acquire cryptocurrency investment

unit 250 Digital, spun out of venture firm CoinFund, as it steps

up its expansion into digital assets.

(Compiled by Rajarshi Roy and Sanskriti Shekhar in Bengaluru)

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