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Warner Bros Discovery board rejects rival bid from Paramount
LOS ANGELES, Dec 17 (Reuters) – Warner Bros Discovery’s board rejected Paramount Skydance‘s $108.4 billion hostile bid on Wednesday, saying it failed to provide adequate financing assurances. In a letter to shareholders, disclosed in a regulatory filing, the board wrote that Paramount had “consistently misled” Warner Bros shareholders that its $30-per-share cash offer[...]
Paramount to cut 2,000 jobs after Skydance merger
General Motors is cutting about 1,700 jobs in Michigan and Ohio as slower EV demand and regulatory shifts reshape production plans.
Warner Bros. Discovery weighs sale after receiving buyout offers
Warner Bros. Discovery is reviewing potential sale options after receiving multiple offers for all or part of the company, including interest from major rivals.
Warner Bros. Discovery to split into two companies, dividing cable and streaming services
Warner Bros. Discovery will split into two companies, separating cable from streaming as cord-cutting reshapes the entertainment industry.
