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Deals

Apple confirms deal to buy music discovery app Shazam

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SAN FRANSICO Apple Inc on Monday confirmed it had reached a deal to acquire Shazam Entertainment Ltd, the U.K.-based app that lets users identify songs by pointing a smart phone at the audio source.

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Verizon to pay $2.25 billion to NFL for five-year streaming deal: source 5:54pm GMT

NEW YORK Verizon Communications Inc will pay around $2.25 billion for a five-year partnership with the National Football League that allows users to stream games on its Yahoo and go90 platforms as well as on mobile devices, a source told Reuters on Monday. | Video

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Zurich Insurance to buy ANZ's life insurance businesses for $2.14 billion 7:17pm GMT

ZURICH Zurich Insurance has agreed to buy ANZ's OnePath Life insurance businesses for 2.85 billion Australian dollars ($2.14 billion), the latest and largest foray by the Swiss company into the Australian market.

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China's Tencent plans to buy 5 percent stake in Yonghui Superstores 3:22pm GMT

HONG KONG Chinese tech giant Tencent Holding Ltd plans to buy a 5 percent stake in Yonghui Superstores , the department store operator said on Monday.

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Elliott says chipmaker NXP worth 23 percent more than Qualcomm's offer 4:09pm GMT

Activist investor Elliott Management Corp said on Monday NXP Semiconductors NV is worth about 23 percent more than Qualcomm Inc's $38-billion offer to buy the chipmaker.

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Exclusive: Hong Kong fund tells Toshiba that chip unit sale to Bain group not necessary 11:40am GMT

TOKYO A Hong Kong-based activist investor in Toshiba Corp has told the embattled conglomerate that the $18 billion sale of its chip unit to a Bain Capital-led group is no longer necessary after its recent capital injection, according to a letter seen by Reuters.

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Corning to buy 3M's communication markets unit for $900 million 2:44pm GMT

Gorilla Glass maker Corning Inc said on Monday it would buy substantially all of 3M Co's communication markets business for about $900 million in cash.

Chemicals distribution group Azelis considers 2018 IPO: sources 6:41pm GMT

MADRID/FRANKFURT Belgium-based chemicals distribution group Azelis is considering a 2018 stock market listing as its private equity owner seeks to benefit from high sector valuations, sources close to the matter said.

LKQ to buy German car parts retailer Stahlgruber in $1.8 billion deal 2:42pm GMT

U.S. auto parts retailer LKQ Corp said on Monday it would buy German peer Stahlgruber for about 1.5 billion euros ($1.8 billion), including debt, to consolidate its dominant position in the European market.

Canada's Fairfax drops plan to buy stake in cement maker PPC 11:04am GMT

JOHANNESBURG Canada's Fairfax Africa Investments Proprietary Ltd will not proceed with a plan to buy 23 percent of cement producer PPC for 2 billion rand ($146.34 million), the South African company said on Monday.