Game on for the biggest leveraged buyout

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FT News Briefing

2025-09-30

9 分钟
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Elon Musk’s business empire has been hit by a wave of senior departures over the past year, video games maker Electronic Arts is being taken private by a Saudi Arabia-backed consortium, and Downing Street has opened the door for Labour to break its election promises and raise taxes in the Budget. Plus, the euro’s biggest rally since 2017 has further to run, Wall Street banks are predicting.  Mentioned in this podcast: Elon Musk hit by exodus of senior staff over burnout and politics Video games maker Electronic Arts strikes $55bn deal to go private Labour refuses to rule out manifesto-breaking tax rises Euro’s rally has further to run, Wall Street banks predict The FT News Briefing has been nominated for Signal’s listener’s choice award for best Daily Podcast. Vote for us here!  Today’s FT News Briefing was produced by Fiona Symon, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Kent Militzer, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
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  • Good morning from The Financial Times.

  • Today is Tuesday, September 30th, and this is your FT News Briefing.

  • Elon Musk is seeing his higher-ups head towards the exits,

  • and investors think the euro's big moment can get even bigger.

  • Plus, the largest ever leveraged buyout of a company is turning heads.

  • If you can think big, if you can get the financing to do it,

  • it might be possible now in a way it historically wasn't.

  • I'm Mark Filipino and here's the news you need to start your day.

  • Senior staff at Tesla and XAI have been leaving in droves over the past year.

  • This includes roles like Tesla's chief information officer and XAI's chief financial officer in general counsel.

  • The FT spoke to more than a dozen current and former employees to understand the recent exodus.

  • Some happily left after a long career to found startups or take a break,