Warner Bros. chose Netflix over Paramount — again. Now what?

Ilian Ivanov Business

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Warner Bros. Discovery has officially rejected Paramount’s hostile takeover bid, advising its shareholders to do the same.

But the battle is far from over. Let’s break down what just happened and what to expect next.

So, what just happened?

Early Wednesday morning, Warner Bros. Discovery, CNN’s parent company, published a letter to shareholders and an SEC filing, formally rejecting Paramount’s latest offer for the entire company, deeming the hostile takeover bid “illusory.”

The current deal to sell Warner’s studios and streaming assets to Netflix, the board said, is still better for WBD shareholders.

Why did WBD reject Paramount?

Mostly, it’s about money: The WBD board said Paramount’s deal “provides inadequate value and imposes numerous, significant risks and costs on WBD.”

But WBD also called Paramount’s offer too risky. Its board wrote that Paramount had “consistently misled” WBD’s shareholders by claiming its $30-per-share, all-cash offer was “backstopped” by Paramount CEO David Ellison and his father, Larry Ellison, the Oracle co-founder worth an estimated $240 billion.

Trump Media to merge with fusion energy firm in $6bn deal

Ilian Ivanov Business

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he firm behind President Donald Trump's Truth Social platform is merging with a Google-backed energy company in a deal valued at more than $6bn (£4.4bn).

Trump Media & Technology Group (TMTG) and TAE Technologies announced the plans on Thursday in a joint statement, which said the move would "create one of the world's first publicly traded fusion companies".

Fusion power is a method of generating energy from heat released by nuclear fusion reactions. It could release vast amounts of energy with little associated radioactivity.

The statement said the combined company planned to begin constructing the "world's first utility-scale fusion power plant" next year, with further plants to follow.