Core Viewpoint - The media industry is experiencing intense competition, particularly between Warner Bros. Discovery (WBD), Netflix, and Paramount, with Paramount making a hostile bid for WBD after Netflix's acquisition announcement for $72 billion [1][2]. Group 1: Paramount's Bid and Strategy - Paramount Skydance's CEO, David Ellison, urged WBD shareholders to support Paramount's bid, emphasizing the potential benefits of acting quickly [1]. - Following WBD's rejection of Paramount's offers, Paramount launched a hostile bid at $30 per share, criticizing WBD's advisors for not adequately considering their proposal [2][3]. - Ellison accused WBD of not engaging in meaningful negotiations, claiming that WBD ignored communications from Paramount regarding their offer [3]. Group 2: Financial Backing and Market Implications - The hostile bid from Paramount is partially financed by wealth funds from Saudi Arabia, Qatar, and Abu Dhabi, indicating significant financial backing [5]. - President Donald Trump commented on the situation, suggesting that the combined market share of Netflix and WBD could pose regulatory challenges [5].

Talk about the rich getting richer. Alphabet, parent company of Google, has been one of the best-performing stocks of the year, up nearly 70%, and now has a market capitalization of $3.8 trillion.The company also happened to make what could turn out to be one of the most lucrative startup investments of all time, which could finally bear fruit next year. In 2015, Google invested around $900 million in SpaceX for a stake of around 7% in Elon Musk's space company, which was then valued at $12 billion.Now Sp ...

Oracle missed its quarterly revenue. Oracle shares slid more than 6% on Wednesday in after-hours trading, after the software giant posted quarterly results that fell short of Wall Street's revenue expectations.Here's how the numbers stacked up against estimates: Adjusted EPS: $2.26 vs. $1.64 expectedRevenue: $16.06 billion vs. $16.21 billion expectedDespite the miss, Oracle still saw 14% year-over-year revenue growth in the quarter ending November 30. Net income jumped to $6.14 billion, or $2.14 per share ...

The Fed cut interest rates for the third time this year on Wednesday, and the meeting held some key takeaways for how the central bank is thinking about the economy heading into 2026. From the labor market to inflation to stocks, here's everything to know about the latest Fed decision.Business Insider's economy and markets teams broke down what the December Fed meeting means for you. Check out the video here.Job marketFed leaders anticipate more economic growth in 2026 and stable unemployment levels, but a ...

The Hollywood bidding war between Paramount Skydance and Netflix has created a meme frenzy. The two media giants are in an all-out battle for Warner Bros. Discovery after it accepted Netflix's offer to acquire its studio and streaming businesses for an equity value of $72 billion. David Ellison's Paramount launched a hostile $30-per-share bid for all of WBD on Monday.Warner Bros. Discovery owns the Warner Bros. film studio, HBO, the HBO Max streaming service, and TV networks such as CNN, TNT, and TruTV. It ...

The Federal Reserve made its final decision of 2025, cutting interest rates for the third meeting in a row — and it set the tone for where interest rates will go in the new year. The call will have ripple effects across consumer prices, the job market, and Corporate America through 2026 and beyond. Here's how the decision will affect you.Read our live coverage of the Fed's rate cut.Thirty-year fixed mortgages, two-year auto loans, and credit card rates tend to fluctuate alongside the federal funds rate. An ...

In a video posted to Instagram, EngineAI CEO Zhao Tongyang geared up in leg, stomach, and head pads. Workers taunted him, asking if he was nervous. The company's T800 robot then appeared to kick Tongyang in the stomach, and he can be seen falling to the ground."Too violent!" Tongyang said in a translation. "Too brutal!" The video featuring its CEO came after EngineAI posted a separate video of its humanoid robot doing kicks and flips. Online skeptics made accusations that the bot in the video was CGI, so ...

A classic and widely touted investment strategy looks poised to deliver meager returns for investors in the coming years. Forecasters at Bank of America said they think the classic 60/40 portfolio — an investment portfolio split between 60% stocks and 40% bonds — was likely headed for a yearslong stretch of weak performance. The bank predicted the classic portfolio mix would return less than 1% next year after accounting for inflation, and that the portfolio would deliver a real loss of 0.1% over the next ...

YouTube TV will unveil new prices soon. But this time, it will be good news for sports fans. YouTube is launching a set of cheaper, slimmed-down versions of its popular live TV service in 2026, which it's calling "YouTube TV Plans," the video giant announced on Wednesday. One of the new plans will be a sports bundle that provides access to ESPN Unlimited, FS1, and NBC Sports Network.While YouTube TV isn't yet revealing pricing for these 10 or so genre-specific packages, they'll cost less than the Google-ow ...

Meta is planning to raise prices for its virtual reality devices, executives said in an internal memo seen by Business Insider. Metaverse leaders Gabriel Aul and Ryan Cairns told employees that the company must "make a shift" in its business model to ensure long-term sustainability. This will include measures such as price increases, accounting for new costs like tariffs, and extending the replacement cycle of its in-market devices, per the memo."Our devices will be more premium in price going forward, but ...