Paramount Eyes Middle Eastern Investment for Warner Bros. Discovery Bid
Paramount to submit its bid of around $23.50 a share for Warner Bros. Discovery this week. Netflix stock dips on WBD acquisition concerns.
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Nokia Shares Slide as AI Restructuring Raises Doubts
Nokia stock drops 8% despite AI pivot plans. Investors question transformation strategy lacking new partnerships amid concerns over returns.
Hollywood Shakeup: Who Wants to Buy Warner Bros. Discovery?
Warner Bros. Discovery set a Nov. 20 bid deadline. Paramount Skydance offered $71B for the whole company, while Netflix and Comcast target HBO Max and the studios.
UK to Ban Ticket Resale Above Face Value in Crackdown on Touts
UK government announces plans to outlaw reselling concert and sports tickets above original price, targeting touts who inflate costs by up to 490%.
China’s Singles’ Day Sales Soar with AI Boost
Alibaba, JD.com, and Douyin see record-breaking Singles’ Day sales as AI helps brands grow amid a slow economy.
WPP Shares Jump on Takeover Rumors
WPP shares surged after reports suggested interest from Havas and private equity firms Apollo and KKR, fueling speculation of a potential takeover bid.