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Grafa
Media

Warner Bros. Discovery board unanimously recommends rejection of Paramount-Skydance amended offer

Warner Bros. Discovery (NASDAQ:WBD) announced that its Board of Directors has unanimously recommended that shareholders reject the amended tender offer from Paramount Skydance (PSKY) and continue to support the pending merger with Netflix (NASDAQ:NFLX).

Read more: Warner Bros. Discovery board unanimously recommends rejection of Paramount-Skydance amended offer
Grafa
Technology

Netflix welcomes Warner Bros. Discovery board's reaffirmation of merger agreement

Netflix (NASDAQ:NFLX) issued a statement welcoming the Warner Bros. Discovery board's unanimous reaffirmation of their merger agreement and its strong recommendation that stockholders reject the revised offer from Paramount and Skydance.

Read more: Netflix welcomes Warner Bros. Discovery board's reaffirmation of merger agreement
Grafa
Technology

Gravity launches Ragnarok: Rebirth mobile game in China

GRAVITY (NASDAQ:GRVY) said it has officially launched Ragnarok: Rebirth (仙境传说:重生), a 3D massively multiplayer online role-playing game for mobile devices, in China, marking a key expansion for the long-running Ragnarok franchise.

The game debuted on Dec. 25 after receiving an ISBN code in December 2024, a regulatory requirement for commercial game releases in China.

Read more: Gravity launches Ragnarok: Rebirth mobile game in China
Grafa
Entertainment

The F1 in Abu Dhabi’s billion dollar secret

If you think the Formula 1 season finale in Abu Dhabi is just about who gets to spray the rose water, you aren’t looking at the balance sheet. 

As the sun sets over the Yas Marina Circuit this weekend, we aren’t just witnessing a sporting event; we are watching the closing bell of one of the most efficient capital-generating machines in modern sports.

Read more: The F1 in Abu Dhabi’s billion dollar secret
Bloomberg

Warner Bros. Is Said to Begin Exclusive Talks With Netflix

Warner Bros. Discovery Inc. has entered exclusive negotiations to sell its film and TV studios and HBO Max streaming service to Netflix Inc., according to people familiar with the discussions. The two companies could announce a deal as soon as in the coming days, assuming talks don't fall apart, the people said. Bloomberg's Manuel Baigorri breaks down the situation.

Read more: Warner Bros. Is Said to Begin Exclusive Talks With Netflix