Paramount raises offer for Warner Bros Discovery amid Netflix threat: Report
India Today
The fresh bid marks another twist in what has become one of the biggest deal battles in the global media industry. Warner Bros Discovery owns some of Hollywood's most recognised titles, including the Harry Potter and Game of Thrones franchises.
The fight to take control of Warner Bros Discovery has intensified after Paramount Skydance increased its takeover bid, reported news agency Reuters. The revised offer is aimed at challenging Netflix, which is currently Warner Bros’ preferred buyer.
The fresh bid marks another twist in what has become one of the biggest deal battles in the global media industry. Warner Bros Discovery owns some of Hollywood’s most recognised titles, including the Harry Potter and Game of Thrones franchises. The outcome of this contest could reshape the streaming market.
Paramount’s updated proposal improves on its earlier offer of $108.4 billion, or $30 per share, for the entire company.
As per the report, the new bid seeks to address concerns raised by Warner Bros about how certain Paramount’s financing arrangements are.
Netflix remains Warner Bros’ chosen bidder. It had offered $27.75 per share in cash, valuing the studios and streaming assets at about $82.7 billion. Under the deal terms, Netflix has the right to match Paramount’s latest offer.
Netflix is seen as having strong cash reserves and could increase its bid. Paramount’s proposal is backed by Oracle billionaire Larry Ellison, father of Paramount Skydance’s David Ellison.
Venkataraman joined Flipkart in 2015 and has been part of the company's leadership team through a period of growth and restructuring. During his tenure, he helped strengthen the company's financial operations.
The gold rate today is around Rs 1.5 lakh per 10 grams for 24-carat gold, while 22-carat gold is near Rs 1.4 lakh, with prices edging higher after recent losses. Silver is also seeing a slight uptick after a volatile phase.
Early indicators suggest a positive start. GIFT Nifty futures were trading at 23,250.5 at around 08:24 am, indicating that the Nifty 50 may open above Thursday's close of 23,002.15.
With multiple energy hubs under threat, the risk to global supply chains has increased sharply. For countries like India, which depend heavily on imports, this means higher costs and tighter supply in the near term.
In a statement, the central bank said it has taken note of the recent developments at HDFC Bank and has approved the transition arrangement proposed by the bank for the position of part-time chairman.
Global brokerage JPMorgan has maintained a "neutral" rating on the stock with a price target of Rs 1,090. HDFC Bank stock is already trading near its 52-week low, adding to weak sentiment around the counter.
The IPO is expected to be structured as an "offer for sale" (OFS). This means existing investors will sell a part of their stake to the public, rather than the company issuing new shares.
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The reconstituted panel includes several key institutional representatives. These include members from the Life Insurance Council and the General Insurance Council, along with heads of important professional bodies.
Many people are seeing sudden jumps in their health insurance premiums at renewal. The reasons aren't always clear, and insurers don't always explain them. In this article, we break down the possible reasons behind these sudden premium jumps.