Seadrill in Merger Talks With Pride, Dagens Naeringsliv Reports

Seadrill Ltd. is in talks with Pride International Inc. on a potential merger, Dagens Naeringsliv reported, citing Chief Executive Officer Alf Thorkildsen.

Talks with Pride’s leadership are taking place, Thorkildsen told the Oslo-based newspaper. Seadrill already owns 9.4 percent of Pride, according to DN. Seadrill could keep its shares, consider buying and merging with Pride, or sell its shares, Thorkildsen was quoted as saying.

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