Brian Flood

Paramount insists its $30 per share cash offer for Warner Bros. Discovery beats Netflix's $27.75 deal, despite board rejection of the hostile takeover bid.

Warner Bros. Discovery announced that its board unanimously rejected Paramount’s tender offer, saying it’s not in the best interest of shareholders and Netflix is the preferred partner.

Hilton insisted Tuesday it is a "welcoming place for all" after DHS alleged law enforcement officers were refused service, but a 2020 corporate statement indicated some may not be welcomed.

Netflix and Paramount would face similar antitrust challenges in their competing bids to acquire Warner Bros. Discovery, with regulators expected to scrutinize both deals.

President Donald Trump raised antitrust concerns over the proposed Netflix takeover of Warner Bros. Discovery and said he'll be part of the decision process on Sunday.

Paramount CEO David Ellison announced on Monday the company has launched an all-cash tender offer to acquire the outstanding shares of Warner Bros. Discovery.

Condé Nast infuriated the NewsGuild of New York last week by firing four employees after they bombarded the company’s HR chief outside his C-suite office to "demand answers" on recent layoffs.

Condé Nast's reduction of staff at Teen Vogue drew an angry reaction from the NewsGuild of New York on Monday, which called it a move designed to blunts its "insightful journalism."

Layoffs have been expected since the industry-changing merger put CEO David Ellison in charge of the newly formed Paramount, a Skydance Corporation, in August.