Ted Sarandos, left, co-CEO of Netflix, and David Zaslav, CEO of Warner Bros. Discovery. Mario Anzuoni | Mike Blake | Reuters Hours before Warner Bros. Discovery agreed to sell its studio and streaming assets to Netflix, Ted Sarandos, the co-CEO of Netflix, called WBD CEO David Zaslav to inform him Netflix wouldn’t be bidding any…
US film producer David Ellison arrives for Paramount’s “Transformers: Rise Of The Beasts” premiere in New York City on June 5, 2023. Angela Weiss | Afp | Getty Images Paramount Skydance on Monday guaranteed the backing of billionaire Larry Ellison in an amended offer for Warner Bros. Discovery — a clear response to questions raised…
The Wall Street Bull statue covered in snow on Nov. 15, 2018. Erik Mcgregor | Lightrocket | Getty Images Wall Street expected U.S. mergers and acquisitions to roar back in 2025. The reality was something closer to fits and starts. Following the election of President Donald Trump more than a year ago, executives and bankers…
There’s a new leader in college sports — the University of Texas at Austin. The school’s athletic program, which tops CNBC’s valuation rankings, is now worth $1.48 billion, 16% more than last year. In fiscal 2024, the program generated aggregate revenue of $332 million, more than any other school and 23% more than in the…
Jared Kushner, Founder & CEO, Affinity Partners, speaks during the second day of the FII PRIORITY Summit held at the Faena Hotel on Feb. 20, 2025 in Miami Beach, Florida. Joe Raedle | Getty Images Jared Kushner’s firm Affinity Partners has dropped out of Paramount Skydance‘s hostile takeover bid for Warner Bros. Discovery. “With two strong competitors vying…
A security guard stands guard outside BBC Broadcasting House after Director General of BBC Tim Davie and Chief Executive of BBC News Deborah Turness resigned following accusations of bias at the British broadcaster, including in the way it edited a speech by U.S. President Donald Trump, in London, Britain, November 11, 2025. Hannah Mckay |…
Disney CEO Bob Iger attends late US actor Chadwick Boseman’s posthumous Hollywood Walk of Fame Star ceremony in Los Angeles, California, on Nov. 20, 2025. Unique Nicole | AFP | Getty Images The Walt Disney Company on Thursday announced it will make a $1 billion equity investment in OpenAI and will allow users to make…
U.S. President Donald Trump poses on the red carpet for the 2025 Kennedy Center Honors at the John F. Kennedy Center for the Performing Arts in Washington, D.C., U.S., December 7, 2025. Jeenah Moon | Reuters President Donald Trump expressed skepticism on Sunday night about Netflix‘s proposed acquisition of parts of Warner Bros. Discovery, saying…
Paramount Skydance CEO David Ellison at Netflix’s “America’s Team: The Gambler and His Cowboys” at The Egyptian Theatre in Los Angeles, Aug. 11, 2025. Gilbert Flores | Variety | Getty Images Paramount Skydance laid out its plan Monday to persuade Warner Bros. Discovery shareholders that it’s a better buyer for the company than Netflix. The…
Paramount Skydance is launching a hostile bid to buy Warner Bros. Discovery after it lost out to Netflix in a months-long bidding war for the legacy assets, the company said Monday. Paramount will go straight to WBD shareholders with an all-cash, $30-per-share offer. That’s the same bid WBD rejected last week and equates to an…
