Warner Bros. Discovery on Wednesday rejected a hostile takeover bid by Paramount launched last week to trump plans by streaming giant Netflix to acquire the Hollywood giant and owner of CNN.
Trump demands CNN get new owners in Warner bidding war
US President Donald Trump said Wednesday that he wants to ensure CNN gets new ownership as part of the Warner Bros Discovery sale, targeting the news outlet he has long feuded with.Bid by Netflix for Warner Bros Discovery signals streaming giant’s ambition to dominate global content production
Streaming giant Netflix has made a mostly cash offer to buy TV and film group Warner Bros Discovery as the storied yet debt-laden Hollywood studio presses on with a sale that could remake the US media landscape, a report said Monday.
Media giants buy Indian Premier League cricket rights for $6.2 billion
India's cricket board said Tuesday it has sold the broadcast rights of the IPL tournament for the next five seasons to global media giants for an eye-popping $6.2 billion. "IPL is now the 2nd most valued sporting league in the world in terms of per match value!" tweeted Jay Shah,...
