Bemzinga's Weekend M&A Chatter

The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday July 29 through Sunday July 31, 2016:

 

Consortium Including Affiliates Of Giant Agrees to Acquire Playtika from Caesars Interactive Entertainment for $4.4B

The Deal:
A consortium, including an affiliate of Shanghai Giant Network Technology and private equity firm Yunfeng Capital, founded by Alibaba's BABA Chairman Jack Ma, announced Staurday it has entered into a definitive agreement with Caesars Interactive Entertainment, Inc. CZR to acquire Playtika for $4.4 billion in cash.

Playtika will continue to operate independently out of its headquarters in Herzliya, Israel.

Caesars closed at $6.90 on Friday, down 2%.

 

PE Firms Looking to Acquire Hewlett Packard Enterprise Software Assets Worth $6B-$8B

The Rumor:
Private equity firms, including KKR KK, Apollo APO and Carlyle Group CG are seeking to acquire certain software assets from Hewlett Packard Enterprise Co HPE, according to sources reported by Reuters on Friday. Earlier in the day, The Information reported those firms might make a bid for all of HPE.

Hewlett Packard Enterprise declined comment on the report, while KKR, Apollo and Carlyle did not comment.

Hewlett Packard Enterprise closed at $21.02 on Friday, up 3.5%.

 

SABMiller Board Intends to Unanimously Recommend Anheuser-Busch InBev Offer The Recommendation:
SABMiller plc SBMRY announced Friday, that its board intends to recommend the revised and final terms of the proposed combination announced by Anheuser-Busch InBev SA/NV BUD on July 26, 2016. AB InBev announced on that date it was raising its offer for SABMiller from £44 to £45.

SABMiller and AB InBev shareholders still need to approve the deal.

AB InBev closed Friday at $129.44, up 2.8%. Molson Coors TAP shares rose 4.51% to close at $102.16.

 

Statoil to Acquire Petrobras' 66% Operated Interest of BM-S-8 Offshore Licence in Brazil's Santos Basin for $2.5B

The Deal:
Statoil ASA STO and Petróleo Brasileiro S.A. PBR announced Friday, that Statoil will acquire Petrobras' 66% operated interest of the BM-S-8 offshore licence in Brazil's Santos basin, including a substantial part of the Carcará oil discovery. The sale price for the interest $2.5 billion, with half paid upon closing of the transaction and the remainder being paid upon certain milestones being met.

Petrobras closed Friday at $8.68, up 7.69%.

 

NextEra Energy to Acquire Energy Future Holdings' Interest in Oncor Electric Delivery Company; Deal Enterprise Value is $18.4B

The Deal:
NextEra Energy, Inc. NEE announced Friday that newly formed subsidiary of NextEra Energy will acquire 100% of the equity of reorganized Energy Future Holdings Corp. for a total enterprise value of approximately $18.4 billion. The agreement is part of EFH's overall plan of reorganization, to allow it to emerge from Chapter 11 bankruptcy.

NextEra Energy closed Friday at $128.29, up $0.87.

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