Press Digest: Wall Street Journal - March 3
03/03/2026 05:37
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. (Compiled by Bengaluru newsroom) ((globalnewsmonitoring@thomsonreuters.com))