Deals of the day-Mergers and acquisitions
Sept 22 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:
** Italian businessman Enrico Preziosi has agreed to sell Serie A club Genoa, Italy's oldest soccer club, to U.S. investment firm 777Partners, sources close to the deal said.
** Australian buy-now-pay-later firm Zip Co Ltd Z1P.AX said it would invest $50 million to acquire a minority interest in Indian peer ZestMoney, as part of its plans to tap new growth markets and add investors.
** Entain's ENT.L shares hit a record high after the British gambling group received a $22.4 billion takeover proposal from U.S. rival DraftKings DKNG.O , double a bid it rejected from joint venture partner MGM MGM.N in January.
** Sony's 6758.T India entertainment unit will buy local rival Zee ZEE.NS , merging TV channels, film assets and streaming platforms to become the largest broadcaster in the country and better compete with companies like Netflix and Disney.
** Vaccine maker Serum Institute of India will invest 50 million pounds ($68 million) in Oxford Biomedica OXB.L to help fund the development of a plant that manufactures COVID-19 shots, the British company said.
** Shares in Thailand's third largest lender, Siam Commercial Bank Pcl SCB.BK jumped in morning trading, following its announcement of a joint venture with the country's top mobile network, Advanced Info Service Pcl ADVANC.BK .
** French telecoms firm Iliad SA ILD.PA said it had struck a deal with U.S. cable operator Liberty Global Plc LBTYA.O to buy Polish fixed internet operator UPC for an enterprise value of 7 billion zlotys ($1.78 billion).
** Australian lithium company Lake Resources NL LKE.AX and California-based Lilac Solutions said they are teaming up to jointly develop the Kachi Lithium Brine project in Argentina, sending Lake's shares rocketing more than 20% higher.
** Westpac WBC.AX said it was scrapping the sale of its Pacific businesses to Kina Securities KSL.AX after the deal was blocked by Papua New Guinea's competition regulator, a move that could lead the company to write back losses. (Compiled by Rajarshi Roy, Deborah Sophia and Niket Nishant in Bengaluru)
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