Netflix has withdrawn from the £80bn battle for Warner Bros Discovery, citing financial concerns. Paramount's higher bid now leads, raising questions about Hollywood consolidation, potential job losses, and streaming prices.
Paramount Skydance is set to acquire Warner Bros Discovery after Netflix declined to raise its offer, citing financial unattractiveness. The £82 billion deal reshapes Hollywood's media landscape.
Paramount Skydance is set to acquire Warner Bros Discovery after Netflix declined to match its enhanced £82 billion bid, reshaping Hollywood's media landscape.
Paramount Skydance is on course to acquire Warner Bros Discovery after Netflix declined to match its enhanced £82 billion offer, reshaping Hollywood's media landscape.
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International Airlines Group, parent of British Airways, announces a 17.3% surge in operating profit to €5.0 billion (£4.4 billion) for last year, citing strong demand and industry consolidation.
Netflix stock rises sharply as Warner Bros Discovery and Paramount explore a potential merger, signaling major shifts in the streaming industry and market dynamics.
Block, owner of Cash App, reduces staff from over 10,000 to under 6,000 as CEO Jack Dorsey pivots to artificial intelligence, citing growth in gross profit and new working methods.
The iconic Hills Hoist clothes line faces an uncertain future after its US-based owner, Griffon Corporation, announced a strategic review to sell its Australian subsidiary, including the beloved backyard brand.
Jack Dorsey's Block, parent of Cash App and Square, has laid off over 4,000 employees to invest in AI tools, with shares surging 24% despite strong business performance.
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Netflix has declined to increase its offer for Warner Bros. Discovery after a superior bid from Paramount Skydance, citing financial discipline and paving the way for a takeover.
Netflix has withdrawn from the Warner Bros Discovery takeover battle after Paramount Skydance's superior $111bn all-cash offer. The decision ends a bidding war that threatened to reshape streaming.
Warner Bros Discovery's board has declared Paramount's $31-per-share offer a 'superior proposal,' triggering a four-day window for Netflix to respond and revise its $82.7 billion deal.
Warner Bros. Discovery has dramatically changed its position in the Paramount takeover saga, declaring Paramount's enhanced offer superior just days before a critical deadline, potentially sparking a new bidding war.
Warner Bros. Discovery has declared Paramount's takeover offer superior to its deal with Netflix, potentially sparking a new bidding war for the Hollywood giant.
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Popular KTLA anchor Ellina Abovian was among multiple staffers let go on her 40th birthday as parent company Nexstar prepares for a major merger with Tegna, sparking industry concerns.
Advertising giant WPP unveils sweeping restructuring plan targeting £500 million in annual savings by 2028, involving job cuts and organisational simplification.
Netflix and Paramount are reportedly the frontrunners in the bidding war to acquire Warner Bros, as the entertainment industry faces major consolidation and streaming competition intensifies.
London Stock Exchange Group unveils a £3 billion share repurchase program following activist investor pressure and AI-driven stock declines, alongside strong 2025 profit growth.
WPP announces a major restructuring, merging VMLY&R and Wunderman Thompson into a new entity, VML, while cutting 2.5% of its global workforce due to AI-driven efficiencies and market pressures.
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Irn-Bru maker AG Barr has proposed 37 redundancies at Fentimans, potentially closing its Hexham site, following a £38m acquisition aimed at brand growth.
DoorDash is ceasing operations in Qatar, Singapore, Japan, and Uzbekistan after a strategic review, aiming to concentrate investments on markets with sustainable scale and leadership potential.
DoorDash announces it is ceasing operations in Japan, Singapore, Qatar, and Uzbekistan following a strategic review, aiming to concentrate resources on markets with stronger long-term potential.
Drinks giant Diageo has downgraded its financial outlook and halved its dividend as new CEO Sir Dave Lewis implements cost-saving measures to address flagging performance.
Jim Ratcliffe's Ineos group is in early talks to sell assets from its vinyls business Inovyn, hoping to raise hundreds of millions to tackle rising debts amid a prolonged global chemicals downturn.
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DoorDash confirms Deliveroo will cease operations in Qatar and Singapore, affecting 85 jobs, as part of a strategic review to focus on high-growth markets following its £2.9 billion acquisition.
DoorDash, the US owner of Deliveroo, is ceasing operations in Qatar and Singapore, affecting 85 jobs, and closing an engineering hub in India as part of a strategic review.
The Guardian has announced the return of its prestigious Advertising Awards for 2026, honouring outstanding campaigns and creativity in the media industry.
Chloe Sexton, owner of Chloe's Giant Cookies, is threatened with a lawsuit by Chloe's Cookies LLC over her business name while supporting her sister after their mother's death.
Warner Bros. Discovery is reviewing a new takeover offer from Paramount, while still backing Netflix's competing bid, in a deal that could reshape Hollywood's media landscape.
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Meta agrees to a $60 billion deal with AMD for AI chips, including CPUs and GPUs, despite fears over AI industry spending. The five-year pact includes a 10% stake in AMD.
