Wes Streeting has ruled out introducing value added tax (VAT) on private healthcare at the forthcoming Budget. It comes after newspaper reports that the Treasury was looking at bringing private healthcare services within scope of the sales tax. But asked whether this was under consideration, the health secretary told BBC Breakfast: “it’s not happening”. It...
However, Futter thinks the move from public to private ownership will shift the source of the ever-present demands for consistently rising profits. “All public AAA companies have overemphasized ‘returning value to shareholders’ over taking care of all stakeholder groups, including labor,” he said. “Now, that will be shifted to keeping the company afloat amidst enormous...
The Saudi Arabia PIF also has significant investments in gaming giants such as Nintendo, Take Two, Activision Blizzard Capcom, Nexon, and Koei Tecmo managed through the Savvy Games Group. In 2023, the PIF backed out of a mulled $2 billion deal for gaming acquisition firm Embracer Group. Ivanka Trump and Jared Kushner on the South...
Video game mega-publisher Electronic Arts is planning to take the company private in a deal that could be worth as much as $50 billion, according to reports from The Wall Street Journal, Reuters, and Financial Times. All three outlets cite anonymous sources in reporting that the deal could be announced next week, with Silver Lake,...