Deals of the day-Mergers and acquisitions

(Adds Telecom Italia, Alphabet Inc, Sport Republic)

Jan 4 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Tuesday:

** Telecom Italia (TIM) is working with banks to draw up a new business plan that could involve spinning off assets as it studies options to help assess a buyout offer from U.S. fund KKR, two sources familiar with the matter said on Tuesday.

** Alphabet Inc-owned Google said on Tuesday its cloud division had acquired Israeli cybersecurity startup Siemplify, as the U.S. tech giant expands its security offerings amid rising cyber attacks.

** The investment firm Sport Republic, backed by Serbian billionaire Dragan Solak, has completed a takeover of Southampton by picking up an 80% stake in the club, the Premier League side said on Tuesday.

** CBRE Investment Management said it would purchase several logistic assets from Hillwood Investment Properties in a deal valued at $4.9 billion, making it the latest company to capitalize on demand for warehouses.

** Chinese gaming and social media company Tencent Holdings Ltd said it would cut its stake in Singapore-based gaming and e-commerce firm Sea Ltd, reducing its voting power to under 10%.

** Brazilian veterinary products manufacturer Ouro Fino Saude Animal SA said on Monday state development bank BNDES hired BTG Pactual to seek investors to buy its stake in the company.

** Data centre operator Digital Realty Trust said on Monday it would acquire a majority stake in Africa-based Teraco, valuing it at about $3.5 billion, as it taps into fast growth in Africa, driven by the pandemic.

** Indonesia approved a $6 billion merger of telco units of Qatar's Ooredoo and Hong Kong's CK Hutchison and set a deadline of 2025 for the merged entity to ramp up its services, its communication minister said.

** Piraeus Bank, one of Greece's four largest lenders, said it had reached a deal to sell a portfolio of non-performing shipping loans to an entity affiliated with Davidson Kempner Capital Management.

** Iberdrola's U.S. unit Avangrid has agreed to extend the deadline to close an $8 billion planned takeover of rival PNM Resources to April 20, 2023, after a New Mexico regulator blocked the deal last month, the Spanish company said in a filing to the local stock market regulator.

** U.S. sports merchandise retailer Fanatics has acquired the trading cards and collectibles business from Topps for about $500 million, as it looks to expand, according to a person familiar with the matter. (Compiled by Rajarshi Roy, Oishee Majumdar and Ananya Mariam Rajesh in Bengaluru)