Netflix drops bid for Warner Bros. Discovery, paving way for Paramount Skydance
Streaming giant Netflix declined to match Paramount Skydance's $31 per share offer for Warner Bros. Discovery.
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Streaming giant Netflix declined to match Paramount Skydance's $31 per share offer for Warner Bros. Discovery.
Netflix announced it is dropping its bid for Warner Bros. Discovery, which paves the way for Paramount Skydance, the parent company of CBS News, to acquire it instead. The merger would require approval from Warner Bros. shareholders and federal regulators.
A second season of "Heated Rivalry" is underway and filming will begin this summer, says show creator and director Jacob Tierney.
Warner Bros. Discovery said it will engage with Paramount Skydance to assess if its latest offer is superior to Netflix's $83 billion bid.
There are new developments in the major media merger battle over Warner Bros Discovery. In December, Warner Bros agreed to a $83 billion deal with Netflix - rejecting a $108 billion bid from Paramount Skydance. But on Tuesday, Netflix agreed to give Warner Bros. one week to reopen negotiations with Paramount.
Warner Bros. Discovery said that Paramount Skydance is considering enhancing its buyout offer for the entertainment company.
The streaming service is sweetening its offer amid Paramount Skydance's hostile takeover bid for the Hollywood studio.
Warner Bros. Discovery's board again urged shareholders to reject Paramount Skydance's offer, calling it inferior to Netflix's bid
The exit came a week after Paramount Skydance made its $108.4 billion all-cash offer to Warner Bros. Discovery.
Netflix co-CEOs Greg Peters and Ted Sarandos sought in a letter to tamp down concerns that the streaming giant is not committed to the movie business.
The U.S. has seized an oil tanker off the coast of Venezuela, President Trump confirmed on Wednesday. CBS News White House reporter Olivia Rinaldi has more.
Paramount Skydance has announced a hostile takeover bid for Warner Bros. Discovery after Netflix reached a deal last week to buy part of the company. The Paramount Skydance offer to purchase the entire company was presented directly to Warner Bros. shareholders. CBS News MoneyWatch correspondent Kelly O'Grady explains.
Paramount Skydance's $30 per share offer comes just days after Netflix agreed to buy parts of Warner Bros. in a deal valued at nearly $83 billion.
Paramount Skydance made a $108.4 billion hostile takeover offer for all of Warner Bros. Discovery, with its all-cash bid coming just three days after Netflix agreed to buy a part of Warner Bros. in a deal valued at $82.7 billion. Jo Ling Kent has details.
Paramount Skydance, the parent company of CBS News, has launched a $108 billion hostile bid for Warner Bros. Discovery just days after WBD said it had agreed to a nearly $83 billion deal with Netflix. Fortune business editor Nick Lichtenberg joins with analysis.
Paramount Skydance, the parent company of CBS News, has launched a hostile takeover offer to acquire all of Warner Bros. Discovery, days after it was announced Netflix agreed to buy a part of Warner Bros. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
Netflix says it is buying studio giant Warner Bros. in a deal valued at more than $82 billion. Fortune business editor Nick Lichtenberg joins CBS News to break down the hurdles facing the merger.
Netflix said it is buying Warner Bros. in a deal valued at $82.7 billion, merging the biggest streaming service with a storied studio that has produced films such as "Casablanca" and the "Harry Potter" franchise. Elaine Quijano has more on what it means for those watching at home.
Netflix announced a deal to buy Warner Bros. for $82.7 billion. Barron's writer Paul La Monica joins CBS News with more.
Warner Bros. Discovery has signaled that it may be open to a sale of its business just months after announcing plans to split into two companies.
Warner Bros. Discovery said it will separate its media businesses into two new companies, with cable in one and streaming and studios in the second.
A U.S. district judge said in her ruling that FuboTV was likely to be successful in proving that the joint venture would violate antitrust laws.
Venu Sports will include games from the NFL to NASCAR, as well as college sports, golf, tennis and soccer.
"Inside the NBA" host Charles Barkley is decrying the NBA's new broadcast pact, saying Warner Bros. Discovery's TNT "never had a chance."
Originally slated for a theatrical release last July, "Coyote vs. Acme" was reportedly shelved by Warner Bros. Discovery in November.
Iran says Israel is violating the ceasefire deal President Trump announced, and Tehran appears to still have control over shipping in the Strait of Hormuz.
Wednesday's briefing came after President Trump announced late Tuesday that he had agreed to "suspend the bombing and attack of Iran for a period of two weeks."
Gilgo Beach serial killer Rex Heuermann pleaded guilty to seven counts and admitted guilt in the death of an eighth woman.
Former Attorney General Pam Bondi will not appear before the House Oversight Committee next week to answer questions about Jeffrey Epstein, the panel said.
The Office of Personnel Management is asking insurers that cover federal employees and retirees to hand over details about their medical visits, their pharmacy claims, and more.
Homeland Security Secretary Markwayne Mullin said DHS employees affected by the government shutdown will be paid through the recent pay periods by the end of the week.
Investors cheered the announcement of a two-week ceasefire, which President Trump said is contingent on the reopening of the Strait of Hormuz.
Lynette Hooker's daughter, Karli Aylesworth, described her mother as an experienced swimmer who has been sailing for over 10 years.
A CBS News investigation found one Los Angeles County hospice physician's name, Dr. Rajiv Bhuva, on Medicare claims for nearly 2,800 patients across 126 hospices in a single year.
Molly Miller and Colt Haynes were last seen on July 7, 2013, and spoke to friends the next morning before vanishing.
What began as a search for one missing woman — Shannan Gilbert — led to multiple bodies and the capture of Rex Heuermann.
Former Attorney General Pam Bondi will not appear before the House Oversight Committee next week to answer questions about Jeffrey Epstein, the panel said.
Cameras on some Chevrolet Malibus can display blank or distorted images, posing a risk to drivers, according to safety regulators.
Gen. Dan Caine, chairman of the Joint Chiefs of Staff, said the U.S. military has consumed nearly 1 million gallons of coffee and an unspecified amount of nicotine.
Cameras on some Chevrolet Malibus can display blank or distorted images, posing a risk to drivers, according to safety regulators.
Many employees expect to retire later as mounting expenses strain budgets, while others hunker down at work as part of the "great stay."
Investors cheered the announcement of a two-week ceasefire, which President Trump said is contingent on the reopening of the Strait of Hormuz.
Artificial intelligence is more likely to change the nature of work than to supplant masses of workers, according to researchers.
Raising a child through age 18 is most expensive in Hawaii, where a family would spend an estimated $412,661 in 2026, LendingTree found.
Vice President JD Vance visited Hungary to show support for Prime Minister Viktor Orbán, a self-proclaimed proponent of "illiberal democracy."
Former Attorney General Pam Bondi will not appear before the House Oversight Committee next week to answer questions about Jeffrey Epstein, the panel said.
Gen. Dan Caine, chairman of the Joint Chiefs of Staff, said the U.S. military has consumed nearly 1 million gallons of coffee and an unspecified amount of nicotine.
Wednesday's briefing came after President Trump announced late Tuesday that he had agreed to "suspend the bombing and attack of Iran for a period of two weeks."
A proposal to make Bible stories required reading in Texas public schools is putting the state at the center of another contentious battle over the role of religion in classrooms.
Two more drug-making giants, Abbvie and Genentech, will start selling popular medications on the White House's discounted pharmaceutical site as soon as Monday.
Behind some of the viral physiques lies a troubling trend: the use of a powerful drug never approved for humans.
Every few months for the past three years, Jeff Vierstra has been receiving infusions in his spine that target and disable a mutated gene that made it likely he would develop ALS.
"CBS Saturday Morning" looks at an experimental treatment for amyotrophic lateral sclerosis, or Lou Gehrig's disease, that is bringing hope to some patients suffering from the neurodegenerative disease. To inquire about possible participation in Silence ALS, an initiative to develop individualized gene-based therapies for patients with other rare genetic forms of ALS, please write to silenceals@cumc.columbia.edu.
John Cantrell was enjoying his retirement until an unexpected condition forced him to choose between two kinds of heart surgery.
The rapper formerly known as Kanye West being denied entry into the U.K. has raised questions over the star's upcoming performance in Italy.
Vice President JD Vance visited Hungary to show support for Prime Minister Viktor Orbán, a self-proclaimed proponent of "illiberal democracy."
Wednesday's briefing came after President Trump announced late Tuesday that he had agreed to "suspend the bombing and attack of Iran for a period of two weeks."
Iran says Israel is violating the ceasefire deal President Trump announced, and Tehran appears to still have control over shipping in the Strait of Hormuz.
Erick Valencia Salazar, aka "El 85," formed the Jalisco New Generation Cartel with "El Mencho" who was killed by the Mexican army in February.
The rapper formerly known as Kanye West being denied entry into the U.K. has raised questions over the star's upcoming performance in Italy.
Halle Bailey and Regé-Jean Page join "CBS Mornings" to talk about starring in the new romantic comedy "You, Me & Tuscany." The two discuss what it was like to shoot in Italy, preparing for their roles and how it's a renaissance for romantic comedies.
Billy Idol speaks with Anthony Mason about his music career, his life, his stage persona and more.
A major music festival featuring the rapper formerly known as Kanye West was canceled after the U.K. government blocked Ye from entering the country.
Marcus Mumford, Ben Lovett and Ted Dwane, members of Mumford & Sons, talk to Anthony Mason about their new album, "Prizefighter," moving forward without Winston Marshall in the band and their upcoming tour.
Artificial intelligence is more likely to change the nature of work than to supplant masses of workers, according to researchers.
Trump administration changes to the U.S. H-1B visa program have impacted the global talent coming to the U.S. CBS News' Shanelle Kaul reports from India.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
According to numbers from U.S. Citizenship and Immigration Services, more than 70% of H-1B visa holders in 2024 were Indian.
"CBS Mornings" sits down with Tristan Harris, co-founder and president of the Center for Humane Technology, who is featured in the 2026 documentary, "The AI Doc: Or How I Became an Apocaloptimist."
The astronauts aboard Artemis II are the first humans to see some parts of the far side of the moon with the naked eye.
On Monday, the astronauts aboard the Artemis II spacecraft will loop around the Moon's far side, part of a mission pushing human beings farther from Earth than anyone has ever been. Correspondent Mark Strassmann talked with commander Reid Wiseman, pilot Victor Glover, and mission specialists Christina Koch and Jeremy Hansen as the crew was about 180,000 miles from home, preparing for their historic lunar flyby.
NASA's Artemis II astronauts will spend about 24 hours orbiting the Earth and running checks on their spacecraft and life support systems before heading to the moon.
Four astronauts are traveling around the moon on Artemis II, going further from Earth than anyone before. CBS News' Mark Strassmann and Peter King have more.
Former NASA astronaut Clayton Anderson joins CBS News to discuss what the Artemis II astronauts will do as they orbit the Earth after takeoff.
Rex Heuermann, the man charged with several counts of murder in the Gilgo Beach killings probe, pleaded guilty in court on Wednesday. CBS News' Tom Hanson has more.
What began as a search for one missing woman — Shannan Gilbert — led to multiple bodies and the capture of Rex Heuermann.
The man accused of killing seven women between 1993 and 2011 is expected to change his plea in court on Long Island. CBS News' Jarred Hill has more.
A Michigan woman remains missing after she was last seen on a small boat with her husband on Saturday in the Bahamas. Lynette Hooker's husband says she fell overboard and was swept out to sea. Hooker's daughter is now raising questions about her stepfather's story. Cristian Benavides reports.
Rex Heuermann, the suspect in the notorious Gilgo Beach killings, is expected to change his plea to guilty on Wednesday. He previously pleaded not guilty to murdering seven women over 17 years. Tom Hanson reports.
The astronauts aboard Artemis II are the first humans to see some parts of the far side of the moon with the naked eye.
The Artemis II crew flew farther from Earth than any humans in history as they passed over the far side of the moon on Monday night.
The NASA astronauts also sent down Easter messages Sunday while gearing up for a historic pass behind the moon Monday.
The crew of NASA's Artemis II mission captured a new image of the far side of the moon, which the agency released Sunday.
Amid ongoing toilet trouble, the Artemis II astronauts reflected on the wonder of sailing through deep space to the moon.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Oil prices plunged on Wednesday after President Trump announced a 2-week ceasefire between the U.S. and Iran. CBS News business analyst Jill Schlesinger has more.
Rex Heuermann, the man charged with several counts of murder in the Gilgo Beach killings probe, pleaded guilty in court on Wednesday. CBS News' Tom Hanson has more.
The Artemis II crew is on its way back to Earth after its historic lunar flyby on Monday. Astronauts shared new photos of the dark side of the moon and the Milky Way Galaxy. CBS News space consultant Bill Harwood has more.
Christine Marie exclusively speaks with "CBS Mornings" about the new docuseries, "Trust Me: The False Prophet," which details how she helped take down a cult leader. She's joined by Rachel Dretzin, who directed the docuseries.
President Trump's former adviser and CBS News contributor H.R. McMaster joins CBS News 24/7 Mornings to weigh in on the two-week ceasefire deal between the U.S. and Iran.