Toyota Motor Corporation $TM, the world’s leading car manufacturer, is set to acquire major auto parts supplier Toyota Industries Corporation $TYIDF in a deal valued at $42 billion. According to sources reported by Nikkei, the offer is expected to be formally accepted as soon as Tuesday, with other group affiliates participating in the buyout. The acquisition will transition Toyota Industries from public trading to private ownership, reinforcing Toyota’s grip on its supply ecosystem.

Grubhub’s CEO Howard Migdal recently announced a significant workforce reduction, with approximately 500 positions being eliminated. This strategic move comes in the wake of the company’s recent acquisition completion and subsequent business integration with the innovative startup Wonder, now led by a former Walmart executive.