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Stocks Drop as Nvidia-Led Chip Selloff Weighs on Market | The Close 2/26/2026
Youtube· 2026-02-26 23:28
THIS IS "THE CLOSE. " ROMAINE: STOCKS REBOUND AND SOFTWARE, ANOTHER RECORD HIGH FOR EMERGING MARKETS. LIVE FROM STUDIO 2 IN NEW YORK, I'M ROMAINE BOSTICK. BAILEY: AND I'M BAILEY. S&P DOWN ABOUT .5%. THIS ALL DOES COME AFTER EARNINGS DIDN'T LIVE UP TO EXPECTATIONS FROM NVIDIA. DOWN 5%. ON PACE FOR ITS WORSE DAY IF IT CLOSES THERE, SINCE APRIL. THE STOCK'S DOWN 3.5%. U.S.-IRAN TALKS. CRUDE STILL DOWN. NOW SOME JITTERS CALMING SO A BIT OF A SELLOFF OR AT LEAST FLATTENED CRUDE BUT NONETHELESS A LOT OF RED IF YO ...
Netflix backs out of Warner Bros. bidding war after Paramount made 'superior' offer
Fox Business· 2026-02-26 23:15
Netflix dropped its bid to buy Warner Bros. after the studio announced Paramount's latest bid to buy the entire company was "superior." "The transaction we negotiated would have created shareholder value with a clear path to regulatory approval. However, we've always been disciplined, and at the price required to match Paramount Skydance's latest offer, the deal is no longer financially attractive, so we are declining to match the Paramount Skydance bid," Netflix co-CEOs Ted Sarandos and Greg Peters said in ...
PARAMOUNT COMMENTS ON WARNER BROS. DISCOVERY BOARD'S DETERMINATION OF PARAMOUNT'S PROPOSAL AS SUPERIOR
Prnewswire· 2026-02-26 21:35
PARAMOUNT COMMENTS ON WARNER BROS. DISCOVERY BOARD'S DETERMINATION OF PARAMOUNT'S PROPOSAL AS SUPERIOR [Accessibility Statement] Skip NavigationLOS ANGELES and NEW YORK, Feb. 26, 2026 /PRNewswire/ -- Paramount Skydance Corporation (NASDAQ: PSKY) ("Paramount") confirms that it has been notified by Warner Bros. Discovery, Inc. (NASDAQ: WBD) ("WBD") that WBD's Board of Directors has determined that Paramount's $31 per share, all-cash proposal to acquire WBD is a "Company Superior Proposal" under the terms of W ...
Warner Bros. Discovery's board says Paramount's latest offer is better than Netflix's
Business Insider· 2026-02-26 21:28
Paramount Skydance may finally have the upper hand on Netflix in the bidding war for Warner Bros. Discovery. The WBD board announced on Thursday afternoon that it believes Paramount's offer to buy the entire company for $31 per share is better than Netflix's proposal to buy its studio and HBO assets for $27.75 per share.This story will be updated. ...
Warner Bros Discovery sees revenue dip as HBO Max growth offsets TV and film weakness
Proactiveinvestors NA· 2026-02-26 17:08
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
PSKY Misses Q4 Earnings Estimates, Provides Weak Q1 Guidance
ZACKS· 2026-02-26 16:15
Key Takeaways PSKY Q4 revenues of $48.14B and a 12 cent adjusted loss both missed consensus estimates.PSKY DTC revenues rose 10%, but TV Media sales fell 5% amid cord-cutting pressures.PSKY guided Q1 revenues of $7.15-$7.35B and reaffirmed $30B 2026 revenue target.Paramount Skydance Corporation (PSKY) reported fourth-quarter 2025 results, wherein both top and bottom lines missed the Zacks Consensus Estimate.The quarter was the company's first full period under the new management team of Chairman and CEO Dav ...
Why Paramount was determined to buy Warner Bros. Discovery
Yahoo Finance· 2026-02-26 15:49
Warner Bros. in Burbank (Eric Thayer/Los Angeles Times) As Paramount Skydance's bid for Warner Bros. Discovery stretched into the stratosphere, a painful truth emerged. Paramount's core television business, which includes CBS, Comedy Central and MTV, is rapidly shrinking and its Melrose Avenue movie studio lost money. Paramount this week reported a $339-million operating loss in last year's fourth quarter, which included a half-billion dollars in restructuring costs following Paramount's August takeover ...
Playboy Appoints David Miller as President, Media & Brand
Globenewswire· 2026-02-26 13:31
Core Insights - Playboy, Inc. has appointed David Miller as President, Media & Brand to drive the next phase of the Company's growth strategy [1][4] - Miller's extensive experience includes leadership roles at The Walt Disney Company and AOL, where he significantly expanded digital media operations [2][3] - The appointment is part of Playboy's broader strategy to enhance its media and licensing operations, aiming for sustainable and profitable growth [5][6] Company Overview - Playboy is a global pleasure and leisure company known for its iconic brand, pursuing an asset-light model across various sectors including licensing and digital content [7] - The Company aims to leverage its intellectual property to enhance consumer experiences and drive revenue growth [7] Leadership and Strategy - David Miller's role will focus on scaling Playboy's media business and licensing operations, utilizing his expertise to accelerate revenue and brand reach [4] - CEO Ben Kohn emphasized that Miller's appointment allows for a more aggressive execution of growth strategies, including new membership clubs and original programming [5][6] - The leadership team believes that the Company is building a diversified, high-margin business with significant upside potential [6]
Warner Bros’ TV decline puts pressure on Netflix deal
Yahoo Finance· 2026-02-26 12:05
By Dawn Chmielewski Feb 26 (Reuters) - Warner Bros Discovery heaped an additional burden on Netflix's $82.7 billion bid for the movie studio and HBO. The entertainment company behind the buzzy series "Heated Rivalry" and the film "Wuthering Heights" reported fourth-quarter earnings Thursday that showed profit at ‌its cable channels is deteriorating at a fast pace. The networks, which include CNN, the Discovery Network and TNT, are not part ‌of Netflix’s deal. But their worth as a separately traded comp ...
Italy to soften sanctions in bid for smoother relations with markets
Reuters· 2026-02-26 12:01
Italy to soften sanctions in bid for smoother relations with markets | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]A person walks near the Milan Bourse (Italian stock exchange) as global markets brace for a hit to trade and growth caused by U.S. President Donald Trump's decision to impose import tariffs on... [Purchase Licensing Rights, opens new tab] Read moreROME, Feb 26 (Reuters) - Italy plans to adopt a less punitive approach ...