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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DOZENS INJURED IN GERMANY AFTER FERRIS WHEEL CATCHES FIRE AT MUSIC FESTIVAL. (VIDEO/PHOTO).

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 Dozens injured in Germany after ferris wheel catches fire at music festival



At least 30 people have been injured at a music festival near Leipzig, Germany after a ferris wheel suddenly caught fire.

Two of the 30 injured people are in a serious condition, according to Germany's Red Cross.

Four people suffered burns and one was inured in a fall while smoke inhalation affected 18 people, AFP reported citing police sources.


The fire started in one gondola and spread to a second on Saturday night, police said. Four people suffered burns and one suffered injuries from a fall. Others, including first responders and at least four police officers, were to be examined in the hospital for possible smoke inhalation.


The incident took place at the Highfield festival at Störmthaler Lake near Leipzig. Police are investigating the cause of the fire.


As of Sunday morning, police were still unable to provide concrete information about the condition of those injured. The exact number of casualties had also not been determined.

The operator of the ferris wheel told dpa that no passengers were sitting in the gondola in which the fire started.

Watch video below. 



Comments

  1. Anonymous18 August 2024 at 11:04

    Sad...wishing the injured a speedy recovery 🙏

    ReplyDelete

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