September 24, 2018 / 11:12 AM / 3 months ago

Deals of the day-Mergers and acquisitions

(Adds Apple, Sirius XM, Blackstone Group)

Sept 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:

** Satellite radio company Sirius XM Holdings Inc will buy online music service Pandora Media Inc in a $3.5 billion all-stock deal that will help it battle growing competition from streaming rivals Spotify and Apple Music.

** Apple Inc has completed the acquisition of music discovery app Shazam, it said, weeks after the European Union approved the deal.

** Private equity firms TPG Capital and Blackstone Group have submitted bids to buy beleaguered Indian carrier Jet Airways’ stake in its frequent flyer loyalty programme, television channel CNBC TV18 reported, citing sources.

** Malaysian telecoms firm Axiata Group Bhd’s tower unit is working on acquisition deals that it aims to complete in the next 12 months to boost its infrastructure portfolio, the company’s chief executive officer said.

** German consumer goods group Henkel is scanning the market for takeovers, its chief financial officer told a paper, declining to say whether it was looking at Nestle’s skin health unit that was put up for sale last week.

** Comcast beat Rupert Murdoch’s Twenty-First Century Fox in the battle for Sky after offering 30.6 billion pounds ($40 billion) in a dramatic auction to decide the fate of the pay-television group.

** The world’s largest advertising company WPP Plc’s is preparing to consolidate some of its businesses in a bid to keep pace with the industry’s digital shift, the Wall Street Journal reported.

** United Energy Group said it would buy Kuwait Energy IPO-KEC.L for up to $651 million as the Hong Kong-listed upstream oil and gas company aims to enter the Middle East and North Africa markets.

** Two of France’s biggest supermarket groups were locked in a dispute, after Casino said it had rejected a tie-up approach from larger rival Carrefour that Carrefour denied ever making.

** Canada’s Barrick Gold has agreed to buy Randgold Resources Ltd in a $18.3 billion share deal to create the world’s largest gold company by value and output in an industry under investor pressure to put capital to good use.

** U.S. fashion group Michael Kors Holdings Ltd has sealed an agreement to take control of Italy’s Versace, three sources familiar with the matter said, adding that an official announcement would be made this week. (Compiled by John Benny and Bharath Manjesh in Bengaluru)

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