Deals of the day-Mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Tuesday: Netflix (NFLX.O) is working on revised terms for Warner Bros Discovery (WBD.O) and has discussed making its offer all cash for the company’s studios and streaming businesses, Bloomberg News reported on Tuesday, citing people familiar with the talks. Brazil’s JBS, the world’s largest meat company, sold its stake in Meat Snack Partners, a local joint venture the firm has had with Jack Link’s since 2010. Rio Tinto (RIO.AX) , (RIO.L) has engaged JPMorgan (JPM.N) and two other advisers on its potential acquisition of Glencore (GLEN.L) , a deal that could create the world’s largest miner worth over $200 billion, a source with knowledge of the situation told Reuters. Military-focused platform Onebrief said on Tuesday it has raised $200 million in a funding round that has doubled the company’s post-money valuation to $2.15 billion over six months. U.S. insurance broker The Baldwin Group has completed the acquisition of Obie, a real estate insurtech with $39 million of previously disclosed funding. U.S. Bancorp (USB.N) said it would buy Wall Street brokerage BTIG for up to $1 billion in cash and stock, snapping up a partner to bolster its capital markets presence. Blockchain firm Polygon Labs said it would buy crypto payments company Coinme and crypto infrastructure provider Sequence for more than $250 million, as it looks to tap the growing demand for stablecoin-based transactions. Construction tech firm EquipmentShare.com said on Tuesday it was targeting a valuation of up to $6.41 billion in its U.S. initial public offering, potentially setting the tone for a strong year of listings. Hong Kong-listed Sino Biopharmaceutical (1177.HK) said it would acquire China-based Hangzhou Hygieia Biomedical for up to 1.20 billion yuan ($172.04 million), as it looks to bolster its portfolio of chronic-disease treatments. Australian pension fund Aware Super said that it had bought a 31.3% stake in the European Outlet Mall Venture (EOMV) platform, which owns and operates four outlet centres worth 2.6 billion euros ($3.03 billion). UniCredit (CRDI.MI) CEO Andrea Orcel has discussed potentially buying the stake in Monte dei Paschi di Siena (MPS) (BMPS.MI) held by Delfin in contacts with the head of the Italian holding company, three people close to the matter told Reuters.