"Paramount has tabled a hostile USD$108.4bn (£81.5 bn) offer for Warner Bros, moving to scupper a USD$72bn (£54.07bn) acquisition agreement the media giant had struck with Netflix. In a direct appeal to Warner Bros shareholders on Monday, Paramount put forward an all-cash proposal of USD$30 (£22.50) per share for the entire company, including its Global Networks division, urging investors to reject the Netflix transaction."
"Meta has announced a new wave of licensing agreements with a number of major media outlets, including CNN, Fox News and People Inc. The move will allow its Meta AI assistant to surface a broader blend of real-time updates across global news, sport, entertainment and lifestyle. Under the arrangement, users will be guided to publishers' own sites for fuller coverage, giving participating organisations increased visibility and referral traffic."
"A new study by OpenRouter in partnership with venture capital firm Andreessen Horowitz shows that China's open-source AI models have rapidly expanded their global presence, now representing almost 30% of worldwide usage."
Paramount submitted a USD$108.4bn hostile offer for Warner Bros, proposing USD$30 per share in cash and including the Global Networks division. The bid was presented directly to Warner Bros shareholders and urged rejection of a prior USD$72bn acquisition agreement with Netflix. Meta struck licensing deals with major outlets including CNN, Fox News and People Inc to allow Meta AI to surface broader, real-time updates while directing users to publishers' sites for fuller coverage and referral traffic. A study by OpenRouter and Andreessen Horowitz finds Chinese open-source AI models now represent nearly 30% of global usage.
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