Toyota Delays $35B Deal Amid Shareholder Opposition, While Berlin Film Festival Celebrates Queer Cinema
BERLIN, GERMANY - February 11, 2026 - Toyota has delayed its $35 billion privatization bid for a key unit, extending the tender period to March 2nd, due to opposition from Elliott Investment Management, according to Bloomberg. Simultaneously, the Berlin International Film Festival's Teddy Awards celebrated its 40th anniversary, highlighting queer cinema amidst concerns of a global backlash, as reported by Variety.
The delay in Toyota's deal reflects the need to secure sufficient shareholder backing, with the offer price remaining unchanged despite market challenges, Bloomberg noted. The Teddy Awards, which have recognized LGBTQI films and artists for four decades, have previously honored figures like Gus van Sant and Pedro Almodóvar, according to Variety. The awards were initially conceived to spotlight LGBTQI films.
In other news from the entertainment world, WestEnd Films acquired international sales rights to "The Last Day," the feature debut written and directed by artist Rachel Rose, starring Alicia Vikander, Wagner Moura, and Victoria Pedretti, Variety reported. A first image from the film was also revealed. Additionally, an '80s music drama has secured a "Queen of the South" producer, according to a Variety news summary.
Beyond the entertainment industry, a multi-source report from NPR Politics highlighted the diverse activities in Mexico City's car-free zone, Paseo de la Reforma, where over 100,000 people gather on Sundays. A notable highlight was an 8-year-old dog named Benji, who regularly rides in his owner's bike basket, complete with a helmet and sunglasses.
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