6 d. ago Netflix says its position on deal with Warner Bros Discovery unchanged

Netflix’s (NFLX.O), opens new tab decision to acquire assets from Warner Bros Discovery (WBD.O), opens new tab has not changed, its co-CEOs Greg Peters and Ted Sarandos said in a letter to employees on Monday. The streaming giant won Warner Bros’ vote earlier this month, securing a $72 billion equity deal for its TV, film […]

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1 week ago Netflix faces consumer class action over $72 billion Warner Bros deal

Netflix (NFLX.O), opens new tab has been hit with a consumer lawsuit seeking to block the online video giant’s planned $72 billion acquisition of Warner Bros Discovery’s (WBD.O), opens new tab studio and streaming businesses. The proposed class action, opens new tab was filed on Monday by a subscriber to Warner Bros-owned HBO Max who […]

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1 week ago Warner Bros fight heats up with $108 billion hostile bid from Paramount

Paramount Skydance (PSKY.O), opens new tab on Monday launched a hostile bid worth $108.4 billion for Warner Bros Discovery (WBD.O), opens new tab, in a last-ditch effort to outbid Netflix and create a media powerhouse that would challenge the dominance of the streaming giant. Netflix had emerged victorious on Friday from a weeks-long bidding war […]

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1 week ago Paramount launches $108.4b hostile bid for Warner Bros Discovery

Paramount Skydance (PSKY.O), opens new tab on Monday launched a hostile bid worth $108.4 billion for Warner Bros Discovery (WBD.O), opens new tab, in a last-ditch effort to outbid Netflix and create a media powerhouse that would challenge the dominance of the streaming giant. Netflix had emerged victorious on Friday from a weeks-long bidding war […]

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2 w. ago Netflix to acquire Warner Bros Discovery and HBO Max for $108.5b

Netflix has confirmed it will acquire Warner Bros Discovery’s film and television studios and streaming service HBO Max for an equity value of around $108.5 billion. The agreement comes after a weeks-long bidding war where Netflix and David Ellison-led Paramount were battling for the acquisition of the whole of Warner Bros. The merger will also […]

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4 w. ago Meta buried ‘causal’ evidence of social media harm, US court filings allege

Meta shut down internal research into the mental health effects of Facebook and Instagram after finding causal evidence that its products harmed users’ mental health, according to unredacted filings in a class action by U.S. school districts against Meta and other social media platforms. In a 2020 research project code-named “Project Mercury,” Meta (META.O), opens […]

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