FT News Briefing Eurozone’s economy proves resilient, Toshiba buyout battle
Apr 14, 2021
Coinbase is on the brink of making waves by becoming the first major cryptocurrency exchange to list on a US stock market. The eurozone economy is adapting well to pandemic challenges, showing resilience amid lockdowns. Meanwhile, Toshiba is embroiled in a corporate battle fueled by private equity interest, with management shake-ups adding to the drama. The implications of these buyout offers could irreversibly change Japan's corporate landscape and highlight the growing trend of private equity investments.
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Toshiba Takeover Drama
- Toshiba, known for TVs and laptops, faces a boardroom coup amidst a bidding war.
- Three private equity firms, including CVC, KKR, and Brookfield, are vying for the Japanese conglomerate.
Toshiba's Strategic Importance
- Toshiba's operations extend beyond consumer electronics to include Japan's nuclear plants.
- A potential takeover by private equity could significantly impact corporate Japan.
Eurozone's Economic Resilience
- Despite new lockdowns, the Eurozone economy shows resilience, with increasing activity in retail and workplaces.
- Businesses adapted with online services and benefited from the global trade rebound, especially in manufacturing.