Photo Credit:Getty Images
Sony has officially decided not to submit a new bid for Paramount Global, choosing not to counter the ongoing merger between Paramount and Skydance Media. Sony Group President, COO, and CFO Hiroki Totoki announced during a recent earnings call that acquiring Paramount does not align with Sony’s strategic or financial plans.
Photo Credit: Getty Images
Warner Bros Discovery (WBD.O) and its sports division, Turner Broadcasting System, filed a lawsuit on Friday against the National Basketball Association (NBA) in New York, challenging the league's refusal to accept its matching bid for media rights. The media company contends that the NBA's decision violates its agreement with Turner Broadcasting.
Photo Credit: Getty Images
Apex Capital Trust has made a bold move by offering to acquire Paramount Global for up to $43 billion in an all-cash deal. This comes amid ongoing merger discussions between Paramount and Skydance Media, led by David Ellison. Apex’s bid includes $35 per share for Paramount’s Class A voting shares and $23.28 per share for Class B non-voting shares, representing a 33% premium over recent stock prices.
Photo Credit: Getty Images
Southwest Airlines plans to drop its tradition of more than 50 years and start assigning seats and selling premium seating for customers who want more legroom.
Photo Credit: Getty Images
Meta Platforms, the parent company of Facebook, has agreed to pay $1.4 billion to Texas to settle a lawsuit accusing the tech giant of illegally using facial-recognition technology to collect biometric data from millions of Texans without their consent. The settlement, announced on Tuesday, is the largest ever by a single state, according to Texas' legal team, which included the plaintiffs' firm Keller Postman.
Photo Credit: Getty Images
Tesla CEO Elon Musk has announced that the electric car manufacturer will begin producing and using humanoid robots as early as next year. In a social media post, Musk revealed that these robots, named Optimus, will initially be deployed within Tesla's own operations, with plans to start selling them commercially by 2026.
Photo Credit: Getty Images
Fast food giant McDonald's vowed Monday to win back consumers with better value offerings after it reported a rare sales decline that the company partly attributed to an exodus of inflation-weary low-income consumers.
Photo Credit: Getty Images Stellantis is pausing production at some plants in Canada and Mexico, the...
Photo Credit: Getty Images Huawei's profits fell 28 percent last year due to international...
Photo Credit: Getty Images Dollar Tree's decade-long investment in Family Dollar has come to a...
Photo Credit: Getty Images Hyundai will invest $21 billion (£16.3 billion) in the US, including a...
Photo Credit: Getty Images In the rapidly evolving world of electric vehicles, a seismic shift is...
Photo Credit: Getty Images Samsung Electronics is grappling with the sudden passing of its co-CEO,...
Photo Credit: Getty Images Tesla's highly anticipated Cybertruck has hit another major roadblock, with...
Photo Credit: Getty Images Siemens plans to cut over 6,000 jobs worldwide, the German industrial giant...
Photo Credit: Getty Images Audi will cut 7,500 jobs in Germany by 2029 in response to slowing...
Photo Credit: Getty Images Foxconn's 2024 net profit fell short of expectations due to weak...
Photo Credit: Getty Images Deliveroo announced its first annual profit after 12 years, fueled by...
Photo Credit: Getty Images Volkswagen's net profit plunged 30.6 percent to €12.4 billion ($13.4...
