Warner Bros. Discovery rejects Paramount’s hostile bid, calls offer ‘illusory’
Warner Bros. Discovery called Paramount’s offer “illusory” and said that the company had misled shareholders about its financing.
Mergers and Acquisitions
Netflix responds to concerns about WBD deal
Industry concerns over Netflix acquiring Warner Bros has led executives to address fears regarding jobs and theatrical releases.
Unacademy’s founder says startup is now worth less than $500M, confirms M&A talks
Unacademy’s valuation has dropped by over 85% from its pandemic-era peak price tag of $3.5 billion, its founder said.
Paramount goes to war with Netflix for Warner Bros. Discovery with hostile $108.4B bid
Paramount Skydance on Monday launched a hostile, $108.4 billion bid to buy Warner Bros. Discovery, days after Warner Bros. agreed to be acquired by Netflix for $82.7 billion.
IBM to acquire Confluent for $11B as it seeks to bolster its data offerings
IBM is buying data infrastructure company Confluent for $11 billion in cash in a bid to to bolster its data and automation products as ever more companies move their tech operations to the cloud and deploy AI technology.
Meta acquires AI device startup Limitless
Limitless said it shares Meta’s vision of bringing personal superintelligence to everyone.
Netflix to acquire Warner Bros. in a disruptive deal valued at $82.7B
In one of the most groundbreaking deals the streaming world has ever seen, Netflix acquires Warner Bros. for $82.7 billion.
What is Bending Spoons? Everything to know about Eventbrite’s acquirer
Bending Spoons remains largely unknown, even as its portfolio of products has served more than a billion people.
Bending Spoons agrees to buy Eventbrite for $500M to revive stalled brand
The acquisition price for the events marketplace is a fraction of the $1.76 billion valuation it achieved during its 2018 IPO.
Adobe to buy Semrush for $1.9 billion
Adobe said it would offer $12 per share for Semrush, almost double the latter’s closing price of $6.89 on Tuesday, before news of the deal.