August 16, 2019 / 10:31 AM / a year ago

Deals of the day-Mergers and acquisitions

(Adds Joseph Tsai-Brooklyn Nets, Thyssenkrupp ; Updates British Steel,)

Aug 16 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday

** Possible bidders for Thyssenkrupp's elevator division are under pressure to come up with firm offers, the conglomerate's chief executive told German magazine Der Spiegel.

** Turkey's military pension fund OYAK has reached a provisional agreement to take over British Steel and could close the deal by the end of this year, potentially saving thousands of jobs.

** Alibaba Group Holding Ltd co-founder Joseph Tsai is buying a 51% stake that he doesn't already own in NBA's Brooklyn Nets and its Barclays arena from Russian billionaire Mikhail Prokhorov, the U.S basketball team said.

** Alibaba Group Holding Ltd has agreed to pay $2 billion in cash to buy Chinese e-commerce firm Kaola, local news outlet Caixin reported. (

** U.S. Representative David Cicilline urged Federal Communications Commission Chairman Ajit Pai on Thursday to give the public the chance to comment on a draft order that would grant agency approval to the $26 billion merger of T-Mobile US Inc and Sprint Corp.

** Japanese hotel chain Unizo Holdings said it received a friendly buyout offer worth up to $1.3 billion from a SoftBank Group investment firm, a deal that will help it fend off a rare hostile takeover bid from travel agency H.I.S. Co.

** Australian car dealer Automotive Holdings Ltd said it had decided to sell its refrigerated logistics business following a strategic review and had informed its suitor AP Eagers.

** Buyout firms KKR, Blackstone and CVC are among bidders competing for a stake in the hospital unit of Philippines' Metro Pacific Investments Corp, people with knowledge of the matter told Reuters.

** German telecoms group Freenet fired off a salvo of demands to cut the price and amend the terms of Sunrise Communication's proposed 6.3 billion Swiss franc ($6.4 billion) takeover of Liberty Global's Swiss unit UPC. (Compiled by Aakash Jagadeesh Babu and Dominic Roshan K.L. in Bengaluru)

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