Deals of the day-Mergers and acquisitions
Nov 8 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Wednesday:
** Chinese private equity firm Wise Road Capital is in advanced talks to buy Singapore's Innovalues Holdings from Northstar Group, two sources with knowledge of the matter said.
** China's ByteDance, the parent of short video app TikTok, is offering to buy back shares from its employees outside the United States for $160 apiece, a source familiar with the matter said, a plan that the company confirmed.
** Chinese authorities have asked Ping An Insurance Group to take a controlling stake in embattled Country Garden, the nation's biggest private property developer, four people familiar with the plan said.
** Japan's Sumitomo Life Insurance has increased its investment in Singapore Life (Singlife) via a capital injection of S$179.99 million ($133 million), the Singaporean financial services firm said on Wednesday.
** France's Renault has cut its stake in Nissan 7201.T to 15% from about 43% by placing 28.4% of the Japanese automaker in a French trust, the alliance partners said in a statement, putting them on equal footing of cross-ownership.
** Ahold Delhaize USA said that it had agreed to sell its U.S.-based FreshDirect business to Turkish grocery delivery firm Getir.
** Software developer Fuji Soft is planning to announce a tender offer for four listed subsidiaries in Japan, Bloomberg News reported, citing people familiar with the matter. (Compiled by Rajarshi Roy and Puyaan Singh in Bengaluru)