PRESS DIGEST -Wall Street Journal - March 3
March 3 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
- IAC agreed to sell Care.com to private‑equity firm Pacific Avenue Capital Partners for $320 million, marking a carve‑out of the online marketplace.
- Ayar Labs, a chip startup that develops co-packaged optics, raised $500 million in a funding round, valuing it at $3.8 billion
- A consortium of investors including BlackRock's Global Infrastructure Partners and investment group EQT agreed to acquire AES for $10.7 billion as the AI data center buildout fuels surging demand for power generation.
- Elliott Investment Management has agreed to a sweetened bid for Toyota Industries 6201.T that values the company at almost $40 billion.
-Fitch Ratings cut Paramount' s PSKY.O credit rating to junk status (BB+ from BBB-) due to its proposed $81 billion acquisition of Warner Bros. Discovery WBD.O.
- SoftBank's PayPay PAYP.O is targeting a valuation of up to $13.4 billion in its U.S. initial public offering, pressing ahead despite volatile markets in what could be among the largest U.S. listings by a Japanese firm.
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