(Updates Glencore, Boston Properties; adds Reko Diq, Orlen, Yandex, Airbnb)
The following deals, mergers, acquisitions and divestitures were reported at 2000 GMT on Tuesday:
** Airbnb ABNB.O said it acquired GamePlanner.AI, a 12-person startup, for an undisclosed amount, amid the rapid adoption of artificial intelligence that has taken the tech world by storm and has led many companies to explore its uses.
** Yandex’s Dutch holding company YNDX.O is considering selling all its Russian assets at once, rather than settling for a majority stake, three people familiar with the matter told Reuters, as the parties work to resolve finalize an agreement before the end of the year.
** Polish oil and gas group Orlen PKN.WA is in advanced talks to buy Kuwait Foreign Petroleum Exploration Co’s (KUFPEC) stake in assets on the Norwegian continental shelf, four sources familiar with the process said.
** Saudi Arabia has expressed interest in acquiring government stakes in Pakistan’s Reko Diq gold and copper mine, a Pakistani official said, in a move that would be a major move for the South Asian economy of 350 billion dollars in the grip of the crisis.
** As Glencore prepares to convince Canada of the virtues of the $9 billion offer made by the consortium led by the Swiss trader for the coal unit of Teck Resources, investors and lawyers are optimistic about approval of the deal, despite increased scrutiny of foreign investments by the government.
** Chevron CVX.N’s deal to buy Hess HES.N will unlock $15 billion in tax benefits that had been relegated to the accounting trash can as the combined company takes advantage of Hess’s past losses to reduce future payments, according to the company and tax experts.
** Norway’s sovereign wealth fund said it had agreed to buy a 45% stake in two Boston properties in a joint venture with U.S. real estate firm BXP BXP.N .
** Brazilian cosmetics maker Natura & Co NTCO3.SA said it has signed a binding agreement to sell its subsidiary The Body Shop to private investor Aurelius Group in a deal with an escalating enterprise value. at £207 million ($254.32 million).
** Portuguese oil company Galp GALP.LS has hired investment bank BNP Paribas BNPP.PA to sell a stake of up to 49% in a portfolio of photovoltaic power plants in Spain, Expansion newspaper reported, citing unidentified market sources.
** Adobe ADBE.O’s $20 billion bid for cloud design platform Figma is expected to be subject to an EU competition warning in the coming days, three people with knowledge of the matter said. filing, which would increase pressure on Photoshop’s maker to come up with corrective measures.
**The Boston Properties real estate investment fund
BXP.N agreed on Tuesday to sell a 45% stake in two Massachusetts-based life sciences development properties to Norges Bank Investment Management for a gross value of about $1.66 billion.
** Australia’s Mineral Resources MIN.AX said it purchased additional shares in lithium mining company Azure Minerals AZS.AX, increasing its stake from 12.23% to 13.56%.