PUTIN WOOS AFRICAN LEADERS AT SHOWCASE SUMMIT, SAYS RUSSIA IS BETTER PARTNER THAN 'COLONIAL' WEST. (PHOTO).

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 Putin woos African leaders at showcase summit, says Russia is better partner than 'colonial' West President Vladimir Putin told African leaders ​on Wednesday that Russia was their best partner, accusing what he cast as a colonial West of still trying ‌to exploit the continent's resources and using debt to hold back development, Reuters reported. The Kremlin chief was speaking at the third Russia-Africa Summit in Moscow, a two-day event attended by African leaders and government delegations from 48 countries, during which he will hold one-on-one talks with many of the 22 individual African leaders ​attending on everything from trade to security, arms deals and grain supplies. "Africa is increasingly asserting itself as one of the key players in the global economy and politics. However, the emergence of a multipolar world is, of ​course, no easy task; it faces resistance from countries that are not prepared to accept this reality: those who are accustomed to ​thinking i...
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PARAMOUNT CLOSES $110B DEAL WITH WARNER BROS. DISCOVERY, CREATING MEDIA GIANT THAT INCLUDES HBO, CNN, CBS NEWS. (PHOTO).

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Paramount closes $110B deal with Warner Bros. Discovery, creating media giant that includes HBO, CNN, CBS News


The deal closes after months of bidding wars and legal wrangling. The new company, called Skydance, will be led by tech scion David Ellison and Ynon Kreiz, formerly the top executive at Mattel.


Paramount–Warner Bros. Merger went through. 


Paramount has officially completed its $110 billion acquisition of Warner Bros. Discovery, bringing two major Hollywood studios and a sprawling collection of entertainment, streaming and news brands under one company. The deal closed Tuesday, October 6, creating a combined company called Skydance. Warner Bros., HBO and HBO Max now share ownership with Paramount Pictures, Paramount+, CBS and other brands, with David Ellison and co-CEO Ynon Kreiz leading the expanded media business.


ALL MERGER DETAILS:

The $110 billion deal includes debt; its equity value is approximately $81 billion, with shareholders receiving $31 per share.


Paramount acquired all of Warner Bros. Discovery, including its studios, streaming services and cable networks—not just Warner Bros.


HBO Max and Paramount+ now share ownership, but that does not automatically combine their apps or subscriptions.


Paramount won the deal after Netflix withdrew from the bidding battle.


Settlement terms require 30 movies annually for the first two years and 32 annually for the following three.

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