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Press Digest: Wall Street Journal - September 3

PRESS DIGEST -Wall Street Journal - September 3

- The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

- Delivery Hero DHER.DE confirmed it is in favor of a $14.8 billion takeover bid from Uber UBER.N and advised shareholders to accept it, advancing the planned tie-up of two of the world’s biggest food-delivery platforms.

- Ford Motor F.N aims to sell more than 100,000 of its upcoming midsize electric pickup truck named Fathom in its first year of production, according to people familiar with the matter.

- The Italian pasta maker Barilla Group has agreed to acquire Goodles, the nutrient-dense macaroni-and-cheese brand known for its colorful boxes and cheekily named flavors. Terms of the deal weren’t disclosed.

- Thoma Bravo-backed Proofpoint is in advanced talks to buy cybersecurity firm Varonis Systems VRNS.O, according to people familiar with the matter.

- Southwest Airlines LUV.N unveiled plans to open its first-ever airport lounges, as the carrier steps up efforts to attract higher-spending premium travelers and diversify revenue streams.

- Uber UBER.N launched autonomous rides in London on Thursday using AI technology developed by Britain's Wayve, making the city the second in Europe after Zagreb where the company offers robotaxis.


(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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