Paramount said Monday that it going straight to Warner Bros. shareholders with a $30 per share in cash offer for the entirety of Warner Bros. Discovery.
Read More Paramount goes hostile in bid for Warner Bros., challenging a $72 billion bid by Netflix
The acquisition would bring two of the industry’s biggest players in film and TV under one roof and alter the entertainment industry landscape.
Read More Netflix to acquire Warner Bros. studio and streaming business for $72 billion
Paramount Skydance has accused Warner Bros Discovery of running an unfair sale process that favors Netflix over other bidders.
Read More Paramount accuses Warner Bros Discovery of unfair sale process, CNBC reports
The weakness is probably not a true reflection of the labor market’s health, with recent government data showing layoffs remaining at low levels late last month.
Read More US private payrolls decline in November as small businesses shed jobs
Tests of ByHeart infant formula tied to a botulism outbreak showed that all of the company’s products may have been contaminated.
Read More ByHeart baby formula from all lots may be contaminated with botulism bacteria, tests show
The French government will ask a Paris judge to order the suspension of Shein in the country for three months over sales of childlike sex dolls and banned weapons.
Read More France seeks three-month suspension of Shein over sex dolls