PARAMOUNT LAUNCHES HOSTILE BID FOR WARNER BROS., COUNTERING NETFLIX’S $72 BILLION OFFER. (PHOTO).

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Paramount launches hostile bid for Warner Bros., countering Netflix’s $72 billion offer  Paramount has launched a hostile bid to acquire Warner Bros. Discovery, directly challenging Netflix just days after the streaming giant reached a $72 billion agreement to take over the company. In its announcement Monday, Paramount said it is bypassing Warner Bros. leadership and appealing directly to shareholders with a $30-per-share all-cash offer for the entire company, including the Global Networks division. The company urged investors to reject the Netflix deal, which remains subject to approval. Paramount argued that the Netflix proposal would drag shareholders into a lengthy and uncertain regulatory process across multiple countries, while also tying their financial future to what it described as a complicated mix of cash and stock. The company said it has spent the past 12 weeks submitting six separate proposals to Warner Bros. Discovery in an attempt to reach an agreement. Paramount C...
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AT LEAST 52 PEOPLE DIED,AFTER RIOT ERUPTED AT A PRISON IN NORTHERN MEXICO,TODAY.

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                        Today thursday about an hour ago according to sources,a riot erupted at a prison in northern Mexico,killing at least 52 people and 12 others injured.The violence at Topo Chico Prison in Monterrey began shortly after midnight,and residents told local news outlets that they had heard explosions and shouting from inside the prison.The death toll,which is believed to include inmate as well as prison guards,could not be confirmed.The government said no prisoners escaped.Soldiers,state police officers  and the Monterrey police surrounded the prison as relatives of the inmates gathered outside to wait for news.The riot was brought under control around 1;30 am Mexico time.More photos below.                                                                                                                                                              

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