Money

By Elisabeth Buchwald, CNN New York (CNN) — Paramount Skydance on Monday launched a hostile takeover bid for Warner Bros. Discovery, moving directly to appeal to shareholders with an all-cash offer that it says represents better value than the $72 billion deal Netflix and WBD announced Friday. A hostile takeover occurs when a company makes

CNN By David Goldman, CNN (CNN) — Paramount has gone straight to Warner Bros. Discovery’s shareholders with an all-cash offer in an extraordinary endeavor to gain control of Hollywood’s most sought-after prize – a bid that Netflix beat on Friday. Paramount was widely expected to be the frontrunner for Warner Bros. But WBD opted instead

By Clare Duffy, CNN New York (CNN) — President Donald Trump confirmed on Monday he plans to sign an executive order preempting artificial intelligence regulations at the state level with his more hands-off federal policy. “There must be only One Rulebook if we are going to continue to lead in AI,” Trump said in a

By David Goldman, CNN (CNN) — Paramount has gone straight to Warner Bros. Discovery’s shareholders with an all-cash offer in an extraordinary endeavor to gain control of Hollywood’s most sought-after prize – a bid that Netflix beat on Friday. Paramount was widely expected to be the frontrunner for Warner Bros. But WBD opted instead for

By Jordan Valinsky, CNN New York (CNN) — A number of changes were announced Monday in the leadership ranks of Warren Buffett’s Berkshire Hathaway as the 95-year-old gets ready to end his tenure. In a letter, Buffett said that Todd Combs – head of Geico, the insurance company owned by Berkshire Hathaway – is leaving

By Brian Stelter, CNN (CNN) — Nora Benavidez of the nonprofit advocacy group Free Press set out to catalog the Trump administration’s First Amendment infringements. She soon had a list of almost 200. That list is part of a new report, previewed by CNN and out Monday, about President Trump and his administration’s “war on

By Auzinea Bacon, CNN (CNN) — Sequels are the gift that keeps on giving for Hollywood this holiday season. Universal Pictures’ “Five Nights at Freddy’s 2” zoomed past Disney’s “Zootopia 2” to take the top spot at the weekend box office. The video game adaptation grossed an estimated $63 million domestically. “Freddy’s 2” blew past

LIONSGATE MOVIES, GKIDS, UNIVERSAL PICTURES, WALT DISNEY PICTURES, CNN By Auzinea Bacon, CNN (CNN) — Sequels are the gift that keeps on giving for Hollywood this holiday season. Universal Pictures’ “Five Nights at Freddy’s 2” zoomed past Disney’s “Zootopia 2” to take the top spot at the weekend box office. The video game adaptation grossed

By Auzinea Bacon, CNN (CNN) — Netflix announced Friday that it has agreed to acquire Warner Bros. Discovery’s film studio and HBO assets, including the streaming service, for $82.7 billion, including debt. Netflix outbid media conglomerates Paramount and Comcast in a bidding war that began after Warner Bros. Discovery announced in June that it would

By David Goldman, CNN (CNN) — Netflix’s shocking $72 billion bid to buy Warner Bros. and HBO is the rare corporate mega-merger that can shift the tectonic plates of an entire industry and permanently change the way all of its participants do business. In other words: It’s the kind of deal that could force antitrust

By Lisa Eadicicco, CNN (CNN) — Apple for decades has been known for a consistent string of design-forward, tech-defining consumer products that have shaped how people use technology. Now the company known for its steadiness is going through a shakeup at the top, as both Apple and the tech industry at large are at a

By Brian Stelter, CNN This is a David and Goliath story – with a twist. Almost exactly 15 years ago today the owner of Warner Bros. and HBO pushed back on Hollywood and Wall Street hype about a streaming upstart named Netflix. The 2010 quote from Jeff Bewkes in The New York Times is now

By Chris Isidore, CNN (CNN) — First the penny. Next, paper checks? When the US Mint stopped making pennies last month for the first time in 238 years, it drew a lot of attention. But there have been quiet moves to stop using paper checks as well. The government stopped sending out most paper checks

By Alicia Wallace, CNN (CNN) — The last piece of official inflation data to land before the Federal Reserve’s policymaking meeting next week was a shutdown-delayed report that showed the pace of price hikes remained stubborn in September and consumer spending waned after a summer splurge. The Personal Consumption Expenditures price index — the inflation

By Brian Stelter, CNN (CNN) — Netflix has triumphed in the bidding war for Warner Bros. and HBO, announcing a deal that could combine two of the three biggest streamers with one of the largest traditional movie and television studios. If the deal goes through, it will fundamentally reshape Hollywood at a precarious time for

By Lisa Eadicicco, CNN (CNN) — Fancy cameras, giant screens and massive storage usually make smartphones more expensive. But next year, it’s a routine component that might be boosting prices: memory. And it’s not just phones. Any device that uses memory, from phones to tablets and smartwatches, could get pricier. Memory prices are rising for

By John Liu, CNN (CNN) — Taiwan’s government has ordered a one-year block of a popular, Chinese-owned social media app following its failure to cooperate with authorities over fraud-related concerns. Xiaohongshu, also known as RedNote, has surged in popularity among young Taiwanese in recent years, amassing 3 million users in the self-ruled democracy of 23

By Brian Stelter, CNN (CNN) — Netflix has submitted the highest bid to date for Warner Bros. Discovery’s studio and streaming assets, according to people familiar with the secretive bidding process. Netflix’s most recent offer, submitted on Thursday, valued the Warner Bros. studio, HBO Max streaming service and related parts of the company at around