The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Tuesday:
** French telecoms group Orange hopes to close a deal to sell its stake in UK mobile operator EE to British telecoms group BT quite soon and will look at further consolidation of the French telecoms market along with other opportunities once the deal is done.
** Alibaba Group Holding Ltd founder Jack Ma and other investors will pump up to 10 billion yuan ($1.61 billion) into Chinese drugmaker Guangzhou Baiyunshan Pharmaceutical Holdings Co Ltd to help fuel its online expansion.
** Hyundai Motor Co said its chairman and his son failed to sell about $1.25 billion worth of shares in affiliate Hyundai Glovis, complicating succession moves at South Korea's second-biggest family-owned conglomerate.
** Indian restaurant search services provider Zomato acquired U.S.-based rival Urbanspoon for about $50 million in one of the biggest overseas deals by an Indian startup and a company executive said it was in talks to raise about $100 million in fresh funding.
** Malaysia will scrap a proposed $20 billion merger that would have created the country's biggest bank, after CIMB Holdings and RHB Capital failed to agree on new deal terms, people familiar with the matter said.
** Eco World Investment Co Ltd (EW Investment), a Malaysian-owned private vehicle based in Britain, entered into an agreement with Ballymore Group to develop three residential projects in London worth 2.2 billion pounds ($3.34 billion). The two firms formed a joint venture company that will acquire the three sites from Ballymore Group for 428.7 million pounds.
** The chief executive of Smith & Nephew, the medical device maker that has been the subject of persistent takeover rumors, on Monday said mergers designed to gain size do not change market share dynamics in the hip and knee replacement business.
** French telecoms group Orange hopes to close a deal to sell its stake in UK mobile operator EE to British telecoms group BT quite soon and will look at further consolidation of the French telecoms market along with other opportunities once the deal is done.
** Alibaba Group Holding Ltd founder Jack Ma and other investors will pump up to 10 billion yuan ($1.61 billion) into Chinese drugmaker Guangzhou Baiyunshan Pharmaceutical Holdings Co Ltd to help fuel its online expansion.
** Hyundai Motor Co said its chairman and his son failed to sell about $1.25 billion worth of shares in affiliate Hyundai Glovis, complicating succession moves at South Korea's second-biggest family-owned conglomerate.
** Indian restaurant search services provider Zomato acquired U.S.-based rival Urbanspoon for about $50 million in one of the biggest overseas deals by an Indian startup and a company executive said it was in talks to raise about $100 million in fresh funding.
** Malaysia will scrap a proposed $20 billion merger that would have created the country's biggest bank, after CIMB Holdings and RHB Capital failed to agree on new deal terms, people familiar with the matter said.
** Eco World Investment Co Ltd (EW Investment), a Malaysian-owned private vehicle based in Britain, entered into an agreement with Ballymore Group to develop three residential projects in London worth 2.2 billion pounds ($3.34 billion). The two firms formed a joint venture company that will acquire the three sites from Ballymore Group for 428.7 million pounds.
** The chief executive of Smith & Nephew, the medical device maker that has been the subject of persistent takeover rumors, on Monday said mergers designed to gain size do not change market share dynamics in the hip and knee replacement business.
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