Deals of the day-Mergers and acquisitions
Adds: OpenAI; updates: Johnson & Johnson
Aug 20 (Reuters) -The following bids, mergers, acquisitions and disposals were reported by 1940 GMT on Tuesday:
** Sam Altman-led OpenAI announced a multi-year partnership with Condé Nast to display content from its brands such as the Vogue and the New Yorker within the AI startup's products, including ChatGPT and SearchGPT prototype. nL4N3K71FQ
** The U.S. Transportation Department said it is reviewing Alaska Airlines' ALK.N proposed acquisition of Hawaiian Airlines HA.O after it cleared a key review by the Justice Department. nL4N3K70EI
** Johnson & Johnson JNJ.N said it would buy privately held V-Wave for up to $1.7 billion, the healthcare conglomerate's second deal this year aimed at boosting its presence in the market for heart disease devices.[nL4N3K719N]
** Investment firm Turn/River Capital is exploring a potential sale of Redwood Software that could value the maker of automation software at about $2.5 billion including debt, according to people familiar with the matter. nL1N3K60R9
** Qatar Airways will take a 25% stake in South Africa-based regional carrier Airlink as both airlines seek to boost services and passenger numbers across Africa, the companies said. nL1N3K70CG
** India's antitrust body has reached an initial assessment that the $8.5 billion India merger of Reliance RELI.NS and Walt Disney DIS.N media assets harms competition due to their power over cricket broadcast rights, four sources told Reuters. nL1N3K70GY
** Canada's Gran Tierra Energy GTE.TO offered to buy British oil and gas producer i3 Energy I3E.L in a deal valued at 174.1 million pounds ($226.35 million). nL4N3K70KC
** Veteran media executive Edgar Bronfman Jr. submitted a roughly $4.3 billion bid to take over Paramount Global PARA.O through the acquisition of National Amusements, the family holding company that owns a controlling stake in the media company, a source told Reuters. nL1N3K7026
($1 = 0.7692 pounds)
(Compiled by Rajarshi Roy, Utkarsh Shetti and Christy Santhosh in Bengaluru)
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