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Netflix drops Warner Bros bid, clearing way for Paramount takeover
Posted onLast December, Warner Bros agreed to a takeover offer from Netflix for some of its assets. But Paramount, which is backed by tech billionaire Larry Ellison and led by his son David, made a rival offer as it looks to transform itself into a Hollywood heavyweight. But it had been rebuffed by Warner Bros.
US beef prices are soaring. Will Trump’s plans lower them?
Posted onDanielle KayeBusiness reporter Mike Callicrate Mike Callicrate, a cattle rancher who has built a direct-to-consumer operation, at his farm in St Francis, Kansas. Beef prices have gotten so high in the US that it has become a political problem. Even Donald Trump, who long ago declared inflation “dead”, is talking about it, as the issue…
‘I don’t know who he is’, says Trump after pardoning crypto tycoon
Posted onUS President Donald Trump says he does not know who Changpeng Zhao is, despite pardoning the cryptocurrency multi-billionaire last month. Trump was asked about the pardon during an interview with CBS News’ 60 Minutes programme, which was broadcast on Sunday. Zhao, who is also known as “CZ”, pleaded guilty to enabling money laundering in 2023….
Netflix updates Warner Bros bid to all-cash offer
Posted onNetflix has updated its offer for Warner Bros Discovery’s streaming and film business and will pay completely in cash – as it looks to fend off rival Paramount Skydance in pursuit of the Hollywood studio. The move amends the streaming giant’s original offer, which would have funded the transaction using a mix of cash and…
BYD: Chinese EV giant sees UK sales soar by 880%
Posted onChinese car making giant BYD says the UK has become its biggest market outside China, after its sales there surged by 880% in September compared to a year earlier. The company says it sold 11,271 cars in the UK last month, with the plug-in hybrid version of its Seal U sports utility vehicle (SUV) accounting…
