Warner Bros. plans to tell its shareholders to turn down Paramount’s hostile bid
is reportedly planning to tell shareholders to reject hostile takeover bid, according to Wall Street Journal reporting. The company is said to support the $83 billion bid from , despite its potential...
Opendoor jumps after announcing Coinbase Canada CEO Lucas Matheson will be its next president
Opendoor is surging this morning after announcing that Lucas Matheson, CEO of Coinbase Canada, will be its next president. Management changes have been a key catalyst for as the online real estate co...
ServiceNow tumbles on report that it’s nearing a deal to buy cybersecurity startup Armis for up to $7 billion
is deep in the red in premarket trading Monday after Bloomberg reported that the software company is in “advanced talks” to buy cybersecurity firm Armis for up to $7 billion, citing people familiar wi...
PetMed soars after disclosing $4-per-share buyout offer from investment firm
soared after disclosing that it had received a take-private buyout offer from Singapore investment firm SilverCape Investments, valuing the company at a significant premium. SilverCape would pay $4 pe...
As investors pick sides in Netflix vs. Paramount, analysts say a renewed Warner Bros. bidding war looks inevitable
Which company will eventually win the rights to “Entourage” remains up in the air on Wednesday, as the bidding war for reignites amid takeover attempts by both and . The race had seemed to be over l...
Things Netflix said it would never do, then did
With its announcement that it plans to buy studio and streaming businesses, is doing something it repeatedly said it never would: buying an asset it long insisted it could build itself. “It’s true t...
Paramount launches hostile takeover bid for Warner Bros. Discovery at $30 per share, trying to upend Netflix deal
The war to buy may not be finished just yet. , which seemed like the runaway winner of the deal until late last month, has now launched a hostile takeover offer for the entertainment giant, hoping to...
Robinhood rises after announcing entry into Indonesian market through acquisitions
is entering the Indonesian market by way of acquiring a brokerage and digital financial asset trader in the Southeast Asian country. On Sunday, the company announced that it reached agreements to purc...
Confluent soars on IBM’s $11 billion all-cash acquisition
went vertical in premarket trading on Monday before trading was halted as announced that it’s acquiring the data infrastructure company for $11 billion to create a “Smart Data Platform for Enterprise...
The Netflix-Warner Bros. deal now faces a wall of opposition
An $83 billion deal that would see the world’s No. 1 and No. 4 streamers combine has been announced, with edging out rivals and in the bidding war for . Now there’s just the matter of getting the t...
How much could Netflix charge if a subscription included HBO Max?
has agreed to buy studio and streaming businesses in one of the biggest acquisitions of the year — one that could shake up the entertainment industry and also greatly affect regular customers. Pendin...
Netflix is acquiring Warner Bros. and HBO assets for less than it’s spent to add content since the pandemic started
What would you, as a viewer, rather watch: Every new piece of content that’s appeared on Netflix since the pandemic started, or all the original series ever produced by HBO as well as the 100-year-plu...
Netflix reportedly wins Warner Bros. Discovery bidding war with ~$28-per-share offer
Netflix this morning announced that it will acquire the Warner Bros. side of the business — which includes its studio and streaming businesses — in a deal worth $82.7 billion, or $27.75 per share. Pe...
Netflix is down amid reports it’s leading the Warner Bros. bidding war as Paramount cries foul
Netflix’s charm offensive appears to be working. is reportedly emerging as the leader in the bidding war for after second-round bids this week, edging out entertainment juggernaut rivals and .
Hims announces acquisition of Canadian telehealth firm Livewell
rose in early trading after it announced its acquisition of Livewell, a Canadian telehealth company, marking its official entrance to that market. The company announced in July that it would expand in...
Boeing falls as FTC requires it to divest Spirit AeroSystems assets to complete its $8.3 billion merger
The FTC said on Wednesday that the $8.3 billion merger between and its key supplier, , cannot proceed unless Boeing significantly divests Spirit assets. Boeing shares fell more than 2% on the FTC’s p...
Netflix sinks on report that buying Warner Bros. wouldn’t drastically boost its market share since most subscribers already have HBO Max
Investors appear to have a bit more faith in ability to win the bidding war for — they’re just not sure if they like the idea. Netflix shares fell 6% on Wednesday morning following a Reuters report ...
Hims to acquire blood collection company YourBio
struck a deal to buy blood collection company YourBio, Hims said Wednesday. YourBio makes a device that uses “bladeless microneedles thinner than an eyelash” to collect blood samples painlessly. The a...
Netflix reportedly made a mostly cash offer for Warner Bros. Discovery over the weekend
To the victor belong the spoils… and, possibly, the world of film and TV as we know it. While we enjoyed the long holiday weekend, a host of huge names like Paramount Skydance, Comcast, and Netflix ha...
With Puma’s stock under pressure, Chinese giants are circling the storied brand
Last week, Bloomberg reported that Fila and Jack Wolfskin owner Anta Sports was mulling a potential takeover of Puma — sending shares of the German sportswear maker up some 19% on Thursday, the most s...