Warner Bros. Discovery deems Paramount Skydance offer superior to Netflix, starting 4-day matching clock
CNBC
WBD has valued Paramount Skydance's latest takeover offer as superior to a deal with Netflix, another twist in the ongoing battle for the legacy media assets.
Warner Bros. Discovery said Thursday it's valued Paramount Skydance's latest takeover offer as superior to a deal with Netflix, another twist in the ongoing battle for the legacy media assets.
Netflix will have four business days to make changes to its own proposal, the WBD board said in a statement.
Earlier this week, Paramount raised its offer to $31 per share, up from $30 per share, all cash. It was the latest amendment to Paramount's multiple offers in recent months — and since moving forward with a hostile bid to buy the company.
Bob Iger is stepping aside as Josh D'Amaro, who previously served as chairman of Disney's experiences division, takes over as CEO.
Bob Iger is stepping aside as Josh D'Amaro, who previously served as chairman of Disney's experiences division, takes over as CEO.
Lululemon topped fourth-quarter estimates but gave weaker-than-expected sales and earnings forecasts for 2026.
CEO Ed Bastian told CNBC's Phil LeBeau that Delta had taken a $400 million hit so far for the fourth quarter, but that demand has been "really, really great."
While Wall Street figures have flagged risks in private credit, Apollo's Zito is among the first within private credit to candidly acknowledge weakness.
Peloton is launching commercial gym-ready Bikes and Treads, expanding into gyms globally as it seeks new growth beyond its at-home fitness business.
Paramount CEO David Ellison has said he wants to make 30 movies a year and has franchises like Godzilla-Kong, Superman and Sonic the Hedgehog to lean on.
The NFL is discussing getting rid of its 2029-30 opt-out clause in exchange for an increase on TV rights that could push CBS to pay more than $3 billion a year.
Discussions between Starbucks and the union representing about 6% of its company-owned U.S. stores hit a wall last year.
Blackstone appears to be rebalancing its real estate investment trust portfolio, selling off legacy holdings.
MacKenzie Scott and many of America's richest are absent from the latest Philanthropy 50 ranking.
Experts say the global turmoil may have even helped demand for rare collectibles, as the wealthy search for safe, long-term stores of value.
Some airlines are already raising fares after a historic surge in jet-fuel costs.