Oracle co-founder Larry Ellison has stepped in to personally guarantee $40.4 billion in Paramount Skydance’s latest effort to pry Warner Bros Discovery away from selling its prized Hollywood assets to Netflix.
Read More Ellison offers personal guarantee to beef up Paramount’s Warner Bros bid
Warner Bros. Discovery’s (WBD) board of directors urged shareholders to reject Paramount Skydance’s hostile bid for the company, arguing that the offer is “illusory” and “imposes numerous, significant risks and costs.”
Read More Warner Bros. Discovery board urges shareholders to reject Paramount’s bid, argues Ellison family has ‘consistently misled’ shareholders
Warner Bros. is telling shareholders to reject a takeover bid from Paramount Skydance, saying that a rival bid from Netflix will be better for customers and creators.
Read More Warner Bros asks investors to reject takeover bid by Paramount Skydance
President Donald Trump recently asserted that it is “imperative” that left-wing news outlet CNN is sold alongside its parent company, as Warner Bros. Discovery prepares for a potential merger with Netflix.
Read More Trump: It’s ‘imperative’ CNN is sold as part of Warner Bros. Discovery merger talks, current owners ‘very dishonest group of people’
Former MSNBC host Joy Reid shared a viral video on social media that claims the beloved Christmas song “Jingle Bells” is rooted in racism and was written “as a mockery of Black people.”
Read More Joy Reid shares video claiming ‘Jingle Bells’ is a racist song written as a ‘mockery of Black people’
Paramount 11th-hour, hostile bid for Warner Bros Discovery was rooted in what it considered a lack of responsiveness from Warner Bros late last week.
Read More Warner Bros’ lack of response fueled Paramount’s hostile bid, filing says