Deals of the day-Mergers and acquisitions

(Adds Palo Alto, Brembo, Delphi; Updates Index.hu)

March 31 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:

** Italian premium brake manufacturer Brembo said it held 2.43% of tyre maker Pirelli after deciding to buy a stake with "a non-speculative, long-term approach."

** Pro-government businessman Miklos Vaszily has acquired significant control over the funding of Hungary's largest independent news outlet, Index.hu, raising fears of interference with the web site to favour Prime Minister Viktor Orban.

** Cybersecurity firm Palo Alto Networks said it would acquire Silicon Valley-based cloud services company CloudGenix Inc for about $420 million in cash.

** U.S. auto parts company BorgWarner Inc threatened to walk away from its $1.5 billion deal to buy Delphi Technologies after it drew down credit without seeking approval, sending shares of the UK-based company tumbling 24%.

** Property investors SCP said it had agreed to sell 141 Real hypermarkets to German retailers Kaufland and Edeka after it reached a deal last month with wholesaler Metro to buy the struggling chain.

** Alibaba Group Holding Ltd plans to buy at least 10% of Yunda Holding Co Ltd, marking the e-commerce giant's fifth investment in a large courier, two people with knowledge of the matter told Reuters.

** Telecoms and media company Altice Europe said that its subsidiary known as 'HOT' had ended talks over the possible purchase of Israel's Partner Communications.

** JC Decaux, the world's biggest outdoor advertising company, said it would end up buying a minority stake in Hong Kong company Clear Media as part of a broader consortium takeover of Clear Media.

** Italian food group Newlat said it had signed an agreement to buy a 46.24% stake in dairy group Centrale del Latte d'Italia (CLI), in a deal that will create the third biggest domestic operator in the sector.

** UK's Smiths Group said the separation of its medical unit will be delayed, as it focuses on making and delivering ventilators and critical-care devices to hospitals as the coronavirus spreads.

** United Arab Emirates' Dana Gas is considering spinning off its upstream business and listing the unit on the Abu Dhabi Securities Exchange, the Sharjah-based energy company said.

** Finland's state investment arm Solidium said it had increased its stake in Nokian Tyres, sending the Finnish tyre maker's share up more than 15%.

** Vivendi closed the sale of a 10% stake in Universal Music Group (UMG) - home to Taylor Swift and The Beatles - to a Tencent-led consortium, in a deal giving UMG an enterprise value of 30 billion euros ($33 billion). (Compiled by Arundhati Sarkar and Ayanti Bera in Bengaluru)