Soo Kim, founder of New York hedge fund Standard General, has been in talks over potentially buying or investing in the Warner Bros Discovery television networks, the Financial Times reported on Thursday. Standard...
Warner Bros Discovery rejects Paramount’s hostile takeover bid, calls merger with Netflix ‘superior’
Warner Bros Discovery on Wednesday, 17 December, rejected a hostile takeover bid from Paramount, launched last week, which was aimed at derailing plans by streaming giant Netflix to acquire the Hollywood studio and...
Dharma Productions buys out Cornerstone stake in talent venture, rebrands agency as DCAA
Dharma Productions has acquired Cornerstone’s stake in its talent management arm, Dharma Cornerstone Agency. The film production and distribution company is jointly owned by Karan Johar and Adar Poonawalla. The Economic...
Warner Bros likely to reject $108.4 billion Paramount bid, back Netflix in bidding war, sources say
Warner Bros Discovery’s board could announce a decision as early as Wednesday on Paramount Skydance’s $108.4 billion takeover bid, with the board likely to advise shareholders to vote against the offer...
MediaKind to acquire Harmonic’s video business for $145 million
MediaKind said it has entered into an agreement to acquire the Video Business of Harmonic Inc. for about $145 million, a move that will create one of the largest independent SaaS streaming-infrastructure providers...
Will the Netflix-Warner Bros. merger go through?
Warner Bros. Discovery announced on Friday that it intends to sell its major assets to Netflix. If the $72 billion cash-and-stocks transaction goes through, Netflix will gain control of Warner Bros. Pictures, DC...
Broadcaster Sinclair builds stake in rival Scripps, presses for merger
U.S. broadcaster Sinclair on Monday disclosed an 8.2% stake in smaller rival E.W. Scripps and said it has been in talks for months about a deal that would combine the companies. Shares of Cincinnati-based Scripps jumped...
Paramount Skydance to sell Chilevision to investor group
Paramount Skydance on Friday said it has agreed to sell its shares in the entities that control Chilean free-to-air TV channel Chilevision to Vytal Group. The sale is part of Paramount Skydance’s strategy to...
Rumble to buy German AI firm Northern Data for about $767 million, shares soar
Video platform Rumble, which hosts U.S. President Donald Trump’s social media platform Truth Social, said in a statement on Monday it is acquiring German AI cloud company Northern Data in an all-stock deal valued...
Comcast’s Sky in talks to buy ITV’s media unit for $2.15 billion
British broadcaster ITV said on Friday it was in talks with pay-TV company Sky, owned by Comcast, over a potential sale of its media and entertainment (M&E) unit for 1.6 billion pounds ($2.15 billion) including debt...
‘Battlefield’ maker Electronic Arts to go private in record-setting $55 billion LBO
Videogame developer Electronic Arts has agreed to sell itself to a group of private investors in a deal that values the maker of “Battlefield” and “Madden NFL” at $55 billion, which if completed...
NCLT approves merger of Star Television Productions with Jio Star
The National Company Law Tribunal (NCLT), Mumbai, has cleared the cross-border merger of Star Television Productions Limited (STPL), registered in the British Virgin Islands, with its Indian affiliate, Star India...
