Paramount Skydance Corporation Aktie News

Harris Associates, the fifth largest shareholder in Warner Bros Discovery , said on Thursday it would be "very open" to a revised offer from Paramount Skydance if the company presents a superior bid and addresses issues with deal terms.

Warner Bros. is telling shareholders of the company that it believes a $72 billion buyout offer from Netflix is superior, and to reject a hostile takeover bid from Paramount Skydance.

Elliott Investment Management has taken a $1B+ stake in Lululemon (LULU), becoming one of its largest shareholders, pushing for leadership changes at LULU. Micron (MU) surged premarket after issuing Q2 guidance and long-term HBM market forecasts that far exceeded analyst expectations.

A private equity firm owned by President Donald Trump's son-in-law, Jared Kushner, is no longer backing Paramount's hostile acquisition bid for Warner Bros. Discovery, the firm confirmed Tuesday.Days after Warner agreed to be bought by Netflix in early December, Paramount launched a rival bid that seeks to bypass Warner's management and appeal directly to its shareholders with more money.

In rejecting Paramount 's hostile takeover bid, Warner Bros. questions the Ellison family trust and its commitment to a $77.9 billion deal.

The battle for Warner Bros. Discovery spilled onto pages full of revelations big and small Wednesday, as the media giant defended the process of selecting Netflix as the winner in its auction.

Warner Bros. Discovery has urged shareholders to reject Paramount's offer in favor of Netflix's bid.

Warner Bros. is telling shareholders of the company that it believes a $72 billion buyout offer from Netflix is superior, and to reject a hostile takeover bid from Paramount Skydance.