Paramount Skydance has prevailed in the high-stakes takeover battle for Warner Bros. Discovery after Netflix declined to match the David Ellison-led group’s improved offer, reshaping the competitive landscape of the global media and streaming industry. Warner’s board determined that Paramount’s $31-per-share all-cash proposal for the entire company was superior to Netflix’s earlier agreement to purchase
Warner Bros. Discovery reported lower revenue and a wider-than-expected loss in its latest quarter, as pressure across its traditional television businesses overshadowed continued growth in streaming. The results come as the media group remains at the centre of a high-stakes takeover contest involving Netflix and Paramount Skydance. The company posted a fourth-quarter net loss of
Nasdaq-listed firm Tron Inc. has doubled down on its treasury strategy, with a fresh purchase of more TRON (TRX) tokens adding momentum to its accumulation plans. As the blockchain firm adds to its TRX haul, the attention turns to the altcoin’s price movement. Can bulls hold $0.28 and target recent peaks? Confidence in the TRON
Advanced Micro Devices (NASDAQ: AMD stock) jumped more than 10% on Tuesday after the chipmaker struck a massive, multi-year deal to supply Meta Platforms with artificial intelligence chips. The agreement is valued at up to $60 billion over five years. The announcement puts real numbers behind AMD’s push to become a scaled alternative supplier of
US equities were little changed on Monday after President Donald Trump announced an increase in global tariffs to 15%, following a Supreme Court ruling that struck down his earlier “reciprocal” tariff framework. The S&P 500 hovered around the flatline during the session, while the Dow Jones Industrial Average and the Nasdaq Composite also traded with
The most noteworthy cryptocurrency developments in the region this week came from Argentina, Brazil, and El Salvador. El Salvador is planning a $100 million tokenised investment program for local SMEs, Brazil is considering a bill to eliminate crypto taxes and establish a strategic Bitcoin reserve, and Argentina’s fintech industry suffered a blow when lawmakers revoked
Progress around key crypto legislations in the US remains stuck in limbo, effectively capping price action as institutional capital remains on the sidelines. After a year of blistering gains that saw Bitcoin soar from under $70,000 to an all-time high of $126,000 in October, the flagship crypto has crashed to multi-month lows. Bitcoin’s rally last
Kalshi is moving into the sports insurance sector through a partnership with specialist broker Game Point Capital, signalling a shift in how insurers hedge financial exposure tied to sports performance. The regulated prediction market exchange is positioning itself within a fast-growing industry valued at around $9 billion annually and expected to double by 2030. The
Gold prices rose more than 1% on Wednesday as a weaker dollar and falling bond yields boosted sentiment. Gold prices climbed back over $5,100 per ounce, while silver rose more than 4% as investors digested key employment data from the US. Meanwhile, oil prices also jumped more than 2%, with Brent hitting $70 per barrel
Tesla stock rose about 2.5% on Monday, extending a rebound that began late last week, as investors responded to fresh updates on the company’s commercial truck program and renewable energy ambitions. The move followed a 3.5% gain on Friday, which provided some relief after a difficult stretch for the stock. Entering Friday’s session, Tesla shares