New York Times Company in advanced talks to acquire Letterboxd for roughly $330 million, NYT reports

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  The ride-hailing company disappointed investors across key financial metrics despite managing single-digit top-line growth over the prior year. An unexpected bottom-line deficit alongside lagging sales triggered an immediate sell-off in extended trading. Markets had anticipated a profitable quarter, making the actual shortfall particularly punishing for the company's valuation.

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• Canva lays off 1,271 staff, offers six months' pay, MacBooks and healthcare

  The major organizational restructuring marks the most difficult operational decision in the Australian design platform's 13-year history. Moving roughly 22 percent of the global workforce out of existing roles or into centralized regional hubs aims to fundamentally reshape company operations. To cushion the transition, leadership has paired the workforce reduction with equity adjustments and entrepreneurial support grants.

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• Unity shares jump on report of takeover interest from Silver Lake, PIF

  Market participants reacted positively to indications that private equity firm Silver Lake and Saudi Arabia's Public Investment Fund are evaluating a potential buyout. The emergence of these high-profile suitors points to strategic opportunities for the technology provider. A formal acquisition would mark a major shift in ownership and future corporate direction.

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