Deals of the day-Mergers and acquisitions
British broadcaster ITV is in talks with Sky for a potential sale of its media unit for £1.6 billion. Singapore Telecommunications has sold a 0.8% stake in Bharti Airtel for S$1.5 billion as part of its asset restructuring. KKR & Co and Singapore Telecommunications are in advanced talks to acquire over 80% of ST Telemedia Global Data Centres for over S$5 billion, aiming for full ownership.
Nov 7 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Friday: British broadcaster ITV (ITV.L) said it was in talks with pay-TV company Sky, owned by Comcast (CMCSA.O) , over a potential sale of its media and entertainment (M&E) unit for 1.6 billion pounds ($2.15 billion) including debt.
Singapore Telecommunications (Singtel) (STEL.SI) said it had sold a 0.8% stake worth S$1.5 billion ($1.16 billion) in India’s Bharti Airtel (BRTI.NS) , as part of the Southeast Asian telecom company’s ongoing asset restructuring strategy.
KKR & Co (KKR.N) and Singapore Telecommunications (STEL.SI) are in advanced talks to buy more than 80% of ST Telemedia Global Data Centres - which would give them full ownership - for over S$5 billion ($3.9 billion), two people with direct knowledge of the plans said.
