WARNER BROS. BOARD URGES SHAREHOLDERS TO REJECT PARAMOUNT BID AND BACK NETFLIX OFFER. (PHOTO).

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 Warner Bros. board urges shareholders to reject Paramount bid and back Netflix offer Warner Bros. Discovery’s board of directors has unanimously urged shareholders to reject a takeover bid from Paramount Skydance, throwing its full support behind an earlier offer from Netflix. In a statement released Wednesday, the board said it had completed a detailed review of Paramount’s recently launched tender offer and determined that it failed to deliver sufficient value while exposing shareholders to substantial risks and potential costs. Board chair Samuel A. Di Piazza Jr. said the assessment led directors to conclude that the Paramount proposal was not in the company’s or investors’ best interests. The board emphasized that Netflix’s bid represents a superior and more certain option for shareholders, citing clearer value and fewer risks compared with the competing offer. Market reaction reflected investor caution, with Warner Bros. Discovery shares dipping in early trading while Netflix...

EFCC STORMS YAHOO-BOYS DEN,ARRESTS KINGPIN,26 OTHERS.{PHOTO}.

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    Operatives of the EFCC, Ibadan zonal office, on Wednesday, December 4, 2019 busted a Lagos hotel believed to be a hideout for internet fraudsters. The target was one Rasaq Balogun, a suspected internet fraud kingpin, whose illicit activities dominated intelligence gathered from the recently arrested ‘police spies’ during a raid on their Abeokuta base. According to findings, Balogun harbours an army of young men recruited to carry out financial frauds through the use of the internet.
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