Warner Bros. Discovery to Reject Paramount Offer Over Larry Ellison Concerns

Warner Bros. Discovery will recommend shareholders reject Paramount's $108 billion offer, favoring Netflix's safer bid. Key doubts center on Larry Ellison's ability to secure the transaction.

Warner Bros. Discovery is set to recommend its shareholders reject Paramount's $108 billion offer, as it considers Netflix's bid to be safer and more valuable. The group doubts the ability of Larry Ellison, Oracle's co-founder, to secure the deal. Warner was about to finalize its response to Paramount's acquisition offer after the company, led by David Ellison, last week approached shareholders directly with a cash offer of $30 per share. This came after the company lost to Netflix in the bidding war for the studio and streaming company.

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2026-01-28T04:18:46+00:00

S&P 500 Hits Record High

The S&P 500 closed at a record high for the fifth straight day on Tuesday, as investors assessed corporate earnings and insurance stock transactions.

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2026-01-28T04:17:19+00:00

Boeing Achieves Profit in Final Quarter

Boeing reported profits in the last quarter of last year, driven by the sale of its software unit, increased jet aircraft production, and higher deliveries.

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2026-01-28T02:23:14+00:00

Trump assures Cuba "is about to fall" because it no longer receives Venezuelan oil

U.S. President Donald Trump stated that the regime in Cuba is doomed as the island no longer receives oil from Venezuela following Nicolas Maduro's ousting. Washington believes this will lead to a change of power in Havana.

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2026-01-28T01:26:57+00:00

Queen Mary 2 Makes Historic First Transit Through the Panama Canal

Cunard's iconic Queen Mary 2 completed her historic first transit through the Panama Canal, marking a major milestone in her 2026 World Voyage. This unique route offers new opportunities for travelers worldwide.

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