SocialGrowAI Partners with Gata to Power Scalable Decentralized AI Growth

The post Paramount Skydance launches hostile bid for WBD after Netflix deal appeared on BitcoinEthereumNews.com. Paramount Skydance is launching a hostile bid to buy Warner Bros. Discovery after it lost out to Netflix in a monthslong bidding war for the legacy assets, the company said Monday. Paramount will go straight to WBD shareholders with an all-cash, $30 per share offer. That’s the same bid WBD rejected last week and equates to an enterprise value of $108.4 billion. The offer is backstopped with equity financing from the Ellison family and the private equity firm RedBird Capital as well as $54 billion in debt commitments from Bank of America, Citi and Apollo Global Management, Paramount said in a news release. A portion of the equity financing comes from outside Middle Eastern financing partners including Saudi Arabia’s Public Investment Fund, Abu Dhabi’s L’imad Holding Company PJSC, and the Qatar Investment Authority. Another portion derives from Jared Kushner’s Affinity Partners. Kushner is U.S. President Donald Trump’s son-in-law. Those partners have agreed to “forgo any governance rights,” including board seats, as part of their non-voting equity investment, according to a Paramount filing. The modifications allow the deal to be outside of the jurisdiction of the Committee on Foreign Investment in the U.S., or CFIUS. Shares of Paramount were 7% higher in morning trading Monday. Warner Bros. Discovery’s shares were up about 5% while Netflix was down more than 4%. “We’re really here to finish what we started,” Paramount Skydance CEO David Ellison told CNBC’s “Squawk on the Street” on Monday. “We put the company in play.” Paramount Skydance began its hunt for Warner Bros. Discovery in September, submitting three bids before WBD launched a formal sale process that ultimately brought in other suitors. On Friday, Netflix announced a deal to acquire WBD’s studio and streaming assets for a combination of cash and stock, valued at $27.75 per WBD share, or $72 billion. Paramount had been…

YIELDS on the Treasury bills (T-bills) to be offered this week could end lower ahead of expected rate cuts from both the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP). The Bureau of the Treasury (BTr) will auction off P22 billion in T-bills on Tuesday or P7 billion in 91-day securities and P7.5 […]

As Bitcoin encounters a "value winter", real-world gold is recasting the iron curtain of value on the blockchain.