Deals of the day: Mergers and acquisitions
DIS•Portugal said it will very soon select a bidder for a 44.9% stake in TAP. Character.AI filed for Chapter 11 and agreed to sell some assets to Walt Disney for $20 million; Omron agreed to buy Onlogic and Interlogic for $675 million, while Bumble was reportedly in advanced talks to go private at a valuation of roughly $1 billion.
1. Reported transactions
Portugal will "very soon" pick a winning bidder for a 44.9% stake in flag carrier TAP, Secretary of State for Infrastructure Hugo Espirito Santo said, describing the ideal buyer as a partner with the scale, investment capacity and international reach to strengthen the airline's competitiveness. Character.AI said it had filed for Chapter 11 bankruptcy in the US and agreed to sell some of its assets to Walt Disney for $20 million.
2. Other M&A activity
Japanese manufacturer Omron will buy US industrial PC firm Onlogic and its parent company, Interlogic, for $675 million. Bumble was reportedly in advanced talks to be taken private by Ithaca Holdings in a deal valuing the dating app operator at roughly $1 billion.
