GOV. SOLUDO JOINS MASSIVE ENDORSEMENT RALLY FOR PRESIDENT TINUBU IN EBONYI, CHAMPIONS 'ALLIANCE FOR PROGRESS. (PHOTO).

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 GOVERNOR SOLUDO JOINS MASSIVE ENDORSEMENT RALLY FOR PRESIDENT TINUBU IN EBONYI, CHAMPIONS 'ALLIANCE FOR PROGRESS By Christian ABURIME In a resounding display of inter-party cooperation of progressives and national unity, the Governor of Anambra State, Prof. Chukwuma Charles Soludo, joined a grand endorsement rally in Ebonyi State today, declaring his strong support for the leadership of President Bola Ahmed Tinubu, GCFR. Addressing a mammoth crowd of supporters in Abakiliki, Ebonyi State, Governor Soludo characterized his attendance as a "solidarity visit," emphasizing the growing synergy between progressive forces across Nigeria. Standing alongside his host, the Governor of Ebonyi State, whom he affectionately recognized as "my own brother," Governor Soludo affirmed his commitment to the collaborative governance currently shaping the nation. "I am here on a solidarity march with my own brother, the Rt. Hon. Governor of Ebonyi State, who, by the grace of G...
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WARNER BROS. DISCOVERY SAYS PARAMOUNT HAS INCREASED ITS TAKEOVER BID. (PHOTO).

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Warner Bros. Discovery says Paramount has increased its takeover bid


Paramount on Tuesday increased its offer to buy Warner Bros. Discovery as the company, led by CEO David Zaslav, explores selling its entertainment studios and spinning off its linear television assets.

The new bid comes at $31 per share and is part of Paramount’s ongoing hostile approach, aiming to outbid the deal Warner Bros. Discovery agreed to with Netflix late last year for its film and TV business, including major properties like Game of Thrones and The Sopranos. Warner Bros. Discovery said Paramount’s raised offer could constitute a “Company Superior Proposal,” a term indicating the board might soon consider supporting a sale to Paramount.

The Netflix deal has drawn scrutiny from lawmakers concerned about market concentration and content production practices. President Trump has recently criticized board member Susan Rice over remarks about his administration, urging Netflix to sever ties with her. Any acquisition will require approval from the Department of Justice, which has recently seen changes in its antitrust leadership.

Paramount’s offer differs from Netflix’s in that it seeks to acquire the entire Warner Bros. Discovery portfolio, including television assets. It also includes a $7 billion termination fee if Warner Bros. Discovery cancels its Netflix deal. Warner Bros. Discovery emphasized that its agreement with Netflix “remains in effect” and the board continues to recommend the transaction.


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