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- Hoarding Is Driving Energy Prices Higher Everywhere
As wealthy nations scramble to secure stocks of oil, the result is higher prices for all and shortages in vulnerable countries. [TheTopNews] Read More.32 mins ago - What $1 million buys you in real estate around the world
Luxury real estate in most major markets around the world continues to become more expensive, as the wealthy grow wealthier and more mobile. [TheTopNews] Read More.36 mins ago - Warner Bros. Discovery shareholders approve Paramount Skydance deal
Warner Bros. Discovery Inc. announced on Thursday that its shareholders voted to approve its previously announced transaction with Paramount Skydance Corp. at a special meeting of stockholders."Shareholder approval marks another important milestone towards completing our acquisition of Warner Bros. Discovery, building on our successful equity and debt syndications and progress across regulatory approvals. We look forward to closing the transaction in the coming months and realizing the creation of a next-generation media and entertainment company that better serves both the creative community and consumers," a Paramount spokesperson told Fox News Digital. The deal would put Paramount CEO David Ellison in charge of two Hollywood studios, along with two major newsrooms in CNN and CBS News. The transaction is expected to close in the third quarter of 2026, subject to customary closing conditions, including regulatory clearances.WHY NETFLIX'S CEO DROPPED HIS BID TO BUY WARNER BROS DISCOVERY AND TRUMP 'DIDN'T CARE'"We appreciate the support and confidence our stockholders have placed in us to unlock the full value of our world-class entertainment portfolio," Warner Bros. Discovery Board Chair Samuel A. Di Piazza Jr. said in a statement. "With Paramount, we look forward to creating an exceptional combined company that will expand consumer choice and benefit the global creative talent community." Warner Bros. Discovery CEO David Zaslav said that his team has "transformed" the company and returned it to "industry leadership" over the past four years."Today’s stockholder approval is another key milestone toward completing this historic transaction that will deliver exceptional value to our stockholders. We will continue to work with Paramount to complete the remaining steps in this process that will create a leading, next-generation media and entertainment company," Zaslav added.In December, Warner Bros. announced it had reached a deal with Netflix to buy the Hollywood studio and HBO for $83 billion, prompting Paramount to launch a $108 billion hostile takeover bid for the entire company, including all of its cable assets like CNN, which would have been spun off into a separate company under the Netflix deal.Netflix dropped a bid to buy Warner Bros. two months later after the studio announced Paramount's offer to buy the entire company was "superior." Paramount's revised offer raised Warner Bros. Discovery's value to $31 per share, putting the company's valuation at $111 billion. Paramount will also pay a $2.8 billion termination fee to Netflix. Ellison's billionaire father, Larry Ellison, is personally backing Paramount's bid, committing $45.7 billion in equity through the Ellison Trust,… [TheTopNews] Read More.47 mins ago - Starbucks’ loyalty program changes are drawing value-conscious customersStarbucks made some major changes to its long-standing loyalty program last month. [TheTopNews] Read More.51 mins ago
- Warner Bros shareholders approve Paramount’s $111bn takeover
The approval came as Donald Trump is to attend a dinner with billionaire Paramount backers the Ellisons. [TheTopNews] Read More.56 mins ago - How We Cover the White House Correspondents’ DinnerThe annual black-tie event attracts Hollywood stars, reporters and politicians for an irreverent night celebrating press freedom. [TheTopNews] Read More.1 hour ago
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