Press Digest: Financial Times - October 29

Mercedes-Benz AG

Yesterday 02:01

Oct 29 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
     
Headlines
- Weil leadership tells partners firm should be dissolved
- Mubadala Capital dealmaker to launch his own venture fund
- Mercedes-Benz vows to stay in China as sales slump
- TPG pursues $5 billion acquisition of UK data centre group Ark
     
Overview
     - Weil, Gotshal & Manges told partners on Wednesday afternoon that the law firm should dissolve, marking a stunning downfall for one of the US’s largest and most prestigious legal groups.
- Mubadala Capital’s top start-up investor is leaving to launch his own venture fund, targeting the next wave of founders seeking to replicate the success of US giants such as OpenAI, SpaceX and Waymo.
- Mercedes-Benz MBGn.DE has said it plans to review “every aspect” of its business in China as its chief executive vowed to keep fighting in the world’s largest car market despite collapsing sales.
- TPG TPG.O is in talks to acquire UK group Ark Data Centres from Elliott Management at a valuation of about $5 billion, in what would be one of the sector’s biggest deals of the year.
     

(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))