WATER RESOURCES MINISTER DEPARTS ABUJA TO ATTEND SINGAPORE INTERNATIONAL WATER WEEK. (PHOTO).

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 WATER RESOURCES MINISTER DEPARTS ABUJA TO ATTEND SINGAPORE  INTERNATIONAL WATER WEEK The Minister of water Resources and Sanitation Prof. Joseph Utsev has led Nigerian delegation to Singapore to participate in the International Water Week, a global platform to share and co-create innovative water, coastal and flood solutions.  A statement by the Media personnel to the Minister on Media Terhemen Oranduen said, the  premier global event will bring together over 2,500 leaders and experts in the water sector to brainstorm and  come out with practical solutions that will bridge water gaps in  Urban areas, coastal flood and industrial water technologies.  Against rising climate volatility, competing demands, and systemic uncertainties, the session will also explore how countries can work together to  reduce the devastating impact of climate change on water resources.  Prof. Utsev who is leading Nigerian delegation to the conference, will highlight...
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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 shares rose and Paramount’s stock declined. Netflix welcomed the recommendation, with co-CEO Ted Sarandos saying the process produced an outcome that benefits consumers, creators, investors, and the wider entertainment industry, and reaffirming that the merger agreement remains the strongest path forward for shareholders.

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