Buyout
Electronic Arts has cut an unspecified number of jobs in a third round of layoffs this year. The move comes as the company prepares for a $55 billion leveraged buyout by Saudi Arabia's Public Investment Fund.
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The Toyota group has sweetened its bid to privatize key unit Toyota Industries amid pressure from minority shareholders, but shares have already surpassed the revised offer, signaling ongoing investor discontent. The proposal was raised to ¥18,800 per share, a 15% increase, yet the stock climbed as much as 5.9% to ¥19,095 in Tokyo trading on Thursday. This suggests demands for a higher premium persist.