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Business

Paramount Launches $108 Billion Hostile Takeover Bid for Warner Bros. Discovery, Topping Netflix Deal : CWEB News

Business
Paramount Skydance (PSKY) has launched a bold and unsolicited bid to acquire Warner Bros. Discovery (WBD), dramatically escalating the consolidation war within the streaming and media sector. The all-cash proposal, valued at $30 per share or approximately $108.4 billion, directly...

Nike Overhauls Leadership COO Role Created, Tech and Commercial Chiefs Ousted Amid Turnaround CWEB Business News

Business
Key Highlights: Nike eliminates its Chief Technology Officer and Chief Commercial Officer positions in a major executive reshuffle. The sportswear giant is consolidating power under a new Chief Operating Officer and its Chief Financial Officer. This marks the latest...

Netflix Secures Hollywood Legacy in Historic $72 Billion Warner Bros. Acquisition, Reshaping Streaming Wars CWEB Business News

Business
Key Points: Netflix will acquire Warner Bros. film studio and HBO Max in a landmark $72 billion transaction, fundamentally consolidating media power. The deal is contingent upon Warner Bros. Discovery's planned corporate split in 2026, which will separate its...

Microsoft Shares Tumble Amid AI Sales Performance Concerns, Company Disputes Report CWEB Business News

Business
Microsoft's stock faced significant downward pressure following a report from The Information suggesting the company's newer artificial intelligence products are falling short of internal sales growth goals. The tech giant swiftly countered the narrative, issuing a firm denial to...

Apple’s AI chief abruptly steps down- Former Microsoft and Google Exec Takes Helm Amid Apple AI Struggles

Business
In a significant strategic pivot, Apple has appointed a new artificial intelligence chief from Microsoft, underscoring the company's urgent efforts to revitalize its lagging AI initiatives. The tech giant confirmed that John Giannandrea, who has led its AI division...

Bitcoin Stages Formidable Recovery, Bolstering Asia-Pacific Sentiment: CWEB Business News

Business
A Robust Rebound for Digital Assets Catalyses Broadly Optimistic Trading Conditions Bitcoin has executed a considerable rally, recouping recent losses to ascend beyond the $63,000 threshold. This pronounced resurgence in the preeminent cryptocurrency is furnishing a constructive signal to wider...

Was Comcast CEO Brian Roberts in Saudi Arabia when Hollywood honored CNN CEO Zaslav? CWEB Business News

Business
Warner Bros Discovery CEO David Zaslav was honored by Hollywood elite late October. A news report recently pointed out that Comcast CEO Brian Roberts was absent at the gathering. Comcast is one among the many who wish to bid...

Daily Mail owner DMGT to buy The Telegraph for $650 million, CWEB Business News

Business
Daily Mail owner DMGT has reached an agreement to buy rival newspapers, The Telegraph and the Sunday Telegraph, keeping the iconic newspaper in the nation. The £500 million ($650 million) acquisition is set to create one of the most...

Eli Lilly Breaks Trillion-Dollar Barrier, Pioneering a New Era for Pharmaceutical Giants CWEB Business News

Business
In a landmark achievement for the healthcare sector, Eli Lilly and Company has cemented its status as an industry titan by reaching a historic $1 trillion market valuation. This milestone makes it the first pure-play pharmaceutical company ever to enter...

Costco’s Market Might Tested as Stock Slump Defies Strong Sales and $409 Billion Valuation CWEB Business News

Business
Boasting a formidable market capitalization of $408.9 billion, Costco Wholesale Corporation (COST) stands as a global titan in the membership-based retail space. Founded in 1983 and operating from its Issaquah, Washington headquarters, the corporation has redefined bulk purchasing through...

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