Paramount has been none too pleased about Netflix striking an $82.7 billion deal to buy much of Warner Bros. Discovery (WBD). Now, Paramount is making a hostile takeover bid for WBD. It's making its pitch directly to WBD shareholders with an all-cash offer of $30 per share that expires on January 8.
Netflix is in exclusive talks to acquire Warner Bros. Discovery's film and TV studios and HBO Max streaming service, according to sources from Bloomberg. That suggests Netflix submitted a superior offer to rivals including Paramount Skydance Corp (owned by billionaire Larry Ellison) and Comcast, which owns NBCUniversal.
EA employees involved with the Communications Workers of America union have issued a sternly-worded statement against the recently-proposed private acquisition of the company by Saudi-backed investors, according to a report by Eurogamer.
China's antitrust regulator has opened an investigation into Qualcomm's acquisition of Israeli connected-vehicle chip company Autotalks. The State Administration for Market Regulation (SAMR) alleges that Qualcomm is suspected of violating China's anti-monopoly laws by not disclosing certain details of the deal.
Just a day after dethroning SpaceX as the most valuable private company in the world, OpenAI has acquired another startup.
They (regulators) said it couldn't be done (originally) but Three is finally approved for a merger. The UK's Competition and Markets Authority (CMA) has given the go ahead for a merger between Three and Vodafone, first proposed by the companies in June 2023.
Vizio is now a member of the Walmart corporate empire. The retail company announced the completion of its $2.3 billion acquisition of the TV manufacturer on Tuesday.
Uber is reportedly exploring the idea of purchasing Expedia, one of the largest travel booking companies in the world, according to the Financial Times. Expedia, which is valued at $20 billion and which reported its highest-ever annual revenue in 2023, will be the company's biggest acquisition, if the deal does indeed push through. The Times says it's very early days, however, and Uber hasn't even made a formal offer for the travel company yet.
It’s always beautiful when two lonely corporations find one another. DirecTV has reached an agreement to acquire Dish Network, according to reporting by The New York Times. This would create a global behemoth in the satellite TV space.