Reuters Deals Today: May 8, 2017

Click to View in Browser Monday, May 8, 2017 Coach to buy rival Kate Spade for $2.4 billion (Reuters) - Handbag maker Coach Inc said it would buy Kate Spade & Co for $2.4 billion as it looks tap the smaller rival's popularity among millennials. Akzo Nobel rejects third takeover proposal from PPG AMSTERDAM (Reuters) - Dutch paint maker Akzo Nobel on Monday rejected a third takeover proposal from PPG Industries , leaving its larger U.S. rival to decide whether to make a formal bid without the support of Akzo's board, or throw in the towel. Music application Smule raises $54 million in Tencent-led round as it eyes IPO (Reuters) - Social media music company Smule has raised $54 million in a financing round led by Chinese technology giant Tencent Holdings Ltd, which it will use to fuel international growth, the company said on Monday. Straight Path gets higher offer from unnamed bidder (Reuters) - Straight Path Communications Inc said on Monday an unnamed telecommunications company had raised its offer to buy the wireless spectrum holder, in the latest move in a bidding war with AT&T Inc . Hudson's Bay taps debt adviser amid Neiman Marcus bid challenges: sources (Reuters) - Canada's Hudson's Bay Co has hired a debt restructuring adviser to review potential options for combining its business with debt-laden U.S. department store operator Neiman Marcus Group, according to people familiar with the matter. Sinclair Broadcast nears deal for Tribune Media (Reuters) - Sinclair Broadcast Group Inc is nearing a deal to acquire Tribune Media Co for close to $4 billion after prevailing in an auction for one of the largest U.S. television station operators, according to people familiar with the matter. More bucks for Bang: Netmarble founder urges South Korea to support start-ups SEOUL (Reuters) - When mobile gaming firm Netmarble Games debuts on Friday, its founder Bang Jun-hyuk will be the only billionaire in South Korea's top-10 wealthiest stock holders with no ties to the chaebol, the mainly family-owned industrial conglomerates that dominate Asia's fourth-largest economy. TPG-backed consortium makes $1.6 billion offer for Fairfax metro newspapers, real estate arm SYDNEY (Reuters) - A consortium led by U.S. private equity firm TPG Capital made a A$2.2 billion ($1.63 billion) cash proposal to acquire Fairfax Media Ltd's metropolitan newspapers and Domain real estate classifieds unit, the Australian media group said on Monday. Oil tanker firm DHT Holdings rejects another bid by rival Frontline OSLO (Reuters) - Tanker firm DHT Holdings rejected on Sunday a fifth takeover proposal from shipping tycoon John Fredriksen's Frontline , calling the $500 million all-share bid "woefully inadequate". Japan's SoftBank takes driving seat in Indian online shake-up MUMBAI (Reuters) - After plowing about $2 billion into minority stakes in Indian e-commerce businesses over the past few years, Japan's SoftBank is upping the stakes, looking to play consolidator and take a more active role at a trio of leading start-ups. Related Video Bad banks, big misses: Buffett brutally honest at annual meeting Mexico's state refineries struggle to find funds for upgrades Related News Wall St. pulls back from record; utilities slump U.S. consumer confidence rises in December Make sense of the market with highlights of valuable financial information and reports along with compelling investment insights. Register Today Get a jump on the day with our early morning summary of key news developments for the US markets, as well as global market news. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook