Paramount goes hostile in bid for Warner Bros., challenging a $72 billion offer by Netflix |
Paramount on Monday launched a hostile takeover offer for Warner Bros. Discovery, initiating a potentially bruising battle with rival bidder Netflix to buy the company behind HBO, CNN and DC Studios, and the right to reshape much of the nation's entertainment landscape. Emerging just days after top Warner managers agreed to Netflix's $72 billion purchase, Paramount's bid seeks to go over the heads of those leaders by appealing directly to Warner shareholders with more money — $74.4 billion — and a plan to buy all of Warner's business, including the cable business that Netflix does not want. Read more. |
UN Palestinian aid agency says Israeli police 'forcibly entered' compound in Jerusalem |
Israeli police forcibly entered the compound of the United Nations agency for Palestinian refugees in east Jerusalem early Monday, escalating a campaign against the organization that has been banned from operating on Israeli territory. Police said in a statement they entered for a "debt-collection procedure" initiated by Jerusalem's municipal government, which did not immediately respond to a request for comment. Read more. |
