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.
Watch CBS News
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.
The Iran war could escalate further as President Trump threatens to hit key oil infrastructure if Tehran doesn't drop its chokehold on the Strait of Hormuz.
In remarks ahead of a meeting with the Kennedy Center board of trustees, Mr. Trump provided an update on the ongoing conflict with Iran.
"One Battle After Another" took home several big awards, including Best Picture, Best Director and the newly created Best Casting.
President Trump said White House chief of staff Susie Wiles will "continue doing the job she loves" even while undergoing treatment for early stage breast cancer.
Travelers continue to face long lines at airports across the U.S. due to the partial government shutdown affecting TSA agents.
Border Patrol official Gregory Bovino was pulled away from a high-profile role leading immigration raids in major U.S. cities, including Minneapolis, earlier this year.
The latest blackout in Cuba comes over a week after another massive outage affected the island's west, leaving millions without power.
The suspect was responsible for transporting Oseguera's romantic partner to a luxurious cabin, the defense ministry said .
A severe weather front has dumped heavy snow on the Upper Midwest, caused thunderstorms in the South and threatens Mid-Atlantic states with rain and possible tornadoes.
Costco is recalling a meatloaf and potato meal kit because one of its ingredients may be contaminated with salmonella.
Border Patrol official Gregory Bovino was pulled away from a high-profile role leading immigration raids in major U.S. cities, including Minneapolis, earlier this year.
Hyundai's announcement came after a child died in an incident involving a Palisade vehicle, which the car maker said is still under investigation.
A Ring camera video that showed a 78-year-old DoorDash driver making a delivery led to strangers donating nearly $1 million to him and his wife.
In remarks ahead of a meeting with the Kennedy Center board of trustees, Mr. Trump provided an update on the ongoing conflict with Iran.
Costco is recalling a meatloaf and potato meal kit because one of its ingredients may be contaminated with salmonella.
Hyundai's announcement came after a child died in an incident involving a Palisade vehicle, which the car maker said is still under investigation.
Small adjustments, like maintaining a steady speed while driving, can help maximize fuel efficiency, experts say.
Gas prices have jumped almost 79 cents per gallon from a month ago, raising fresh inflation concerns.
Some economists think the Fed, facing inflationary pressures from rising energy prices, may not cut interest rates at all this year.
Border Patrol official Gregory Bovino was pulled away from a high-profile role leading immigration raids in major U.S. cities, including Minneapolis, earlier this year.
President Trump said White House chief of staff Susie Wiles will "continue doing the job she loves" even while undergoing treatment for early stage breast cancer.
In remarks ahead of a meeting with the Kennedy Center board of trustees, Mr. Trump provided an update on the ongoing conflict with Iran.
Rep. Dan Crenshaw, whose term as representative of Texas' 2nd congressional district is set to end following his loss in the Republican primary earlier this month, appeared on "Face the Nation with Margaret Brennan" on Sunday.
On this "Face the Nation with Margaret Brennan" broadcast, Iranian foreign minister Abbas Araghchi and Rep. Dan Crenshaw join Margaret Brennan.
Patchwork state policies and limited federal oversight have led to a fragmented system for tracking organ donor status.
Spencer Laird was diagnosed with colon cancer at 26. At 30, he was told it had returned and spread to his lungs, with one tumor the size of a golf ball.
The Trump administration's Medicare boss reacts to CBS News investigation into California's hospice fraud problems.
Even people with six-figure incomes are making financial sacrifices to pay for medical care, a new study finds.
Crystalline silica, which is released into the air when workers cut and polish engineered stone for kitchen countertops, can scar human lungs beyond repair.
The latest blackout in Cuba comes over a week after another massive outage affected the island's west, leaving millions without power.
Coast guard rescuers pulled all 21 people out of the water, but a 17-year-old student and the captain of one of the boats were later pronounced dead.
In remarks ahead of a meeting with the Kennedy Center board of trustees, Mr. Trump provided an update on the ongoing conflict with Iran.
The suspect was responsible for transporting Oseguera's romantic partner to a luxurious cabin, the defense ministry said.
The operation marks the latest joint show of force against drug cartels in the South American country.
Oscar winners Jessie Buckley, Michael B. Jordan and other celebrities appeared on the red carpet for the Vanity Fair party after the awards show. See some of the red carpet looks.
The 2026 Academy Awards were held in Los Angeles on Sunday. Entertainment Tonight host Kevin Frazier breaks down the winners and the biggest upsets.
CBS News contributor Lauren Sherman breaks down some of the best looks from the 2026 Oscars, where looks from Chanel and Dior dominated the red carpet.
Grammy award-winner Lizzo exclusively announced on "CBS Mornings" her latest project, a children's book called "Little Lizzo Meets Sasha B. Flute." She spoke with Gayle King about her inspiration for the book and message for young readers.
Clayton Davis, the senior awards editor for Variety, joins "CBS Mornings" to discuss the big moments, winners and surprises at the Oscars.
A community in Alabama is pushing back against a solar farm that would power an artificial intelligence data center in the state. CBS News reporter Kati Weis has more.
Jury deliberations are underway in a landmark social media trial about addiction claims. CBS News correspondent Carter Evans has the details.
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.
For one week, three New Jersey high schoolers agreed not to take their phones to bed, and to try different tools to reduce screen time.
The Trump administration has blacklisted AI giant Anthropic, labeling it a supply chain risk. The company has sued in response. New York Times tech reporter Sheera Frenkel joins CBS News to break down the feud.
The song is that of a humpback whale and was recorded by scientists in March 1949 in Bermuda, researchers said.
A new study in the journal Nature says most sea level rise research may have underestimated coastal water heights by an average of 1 foot.
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
A large shark was caught on camera for the first time in Antarctica's waters, surprising researchers. "There's a general rule of thumb that you don't get sharks in Antarctica," one said.
Closing arguments are expected to begin on Monday in Kouri Richins' murder trial. She's accused of giving her husband a deadly dose of fentanyl four years ago before she later published a children's book about grief. The case included 13 days of testimony, but the defense did not call any witnesses. If convicted, Richins could face life in prison.
The suspect was responsible for transporting Oseguera's romantic partner to a luxurious cabin, the defense ministry said.
The operation marks the latest joint show of force against drug cartels in the South American country.
Jocelyn Peters, a beloved third grade teacher in St. Louis, Missouri, was shot to death in her sleep. The crime scene held an unusual clue – something one detective says he had never seen before.
Suspect Christian Barrios, 32, shot two people multiple times Friday night, St. Johns County Sheriff Rob Hardwick said.
Bill Nye the Science Guy sits down with CBS News chief Washington correspondent Major Garrett to talk about his life and career.
NASA's huge Space Launch System rocket has been repaired and is ready for rollout back to the launch pad next week.
Nearly 14 years after it was launched in 2012, NASA says a 1,300-pound satellite is expected to come crashing back to Earth on Wednesday. Most of it will burn up as it reenters the atmosphere, but NASA warns some debris could survive reentry.
The Van Allen probe's mission was meant to last two years, but ended up going for nearly seven.
NASA has announced a major overhaul of its Artemis moon program amid ongoing safety concerns. CBS News space consultant Bill Harwood has more details.
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.
President Trump is pushing for allies to help reopen the Strait of Hormuz, but NATO support likely won't come easy. New York Times global affairs correspondent Anton Troianovski joins CBS News to discuss.
President Trump took a number of questions on the Iran war Monday. CBS News' Ed O'Keefe breaks down the biggest moments.
President Trump took questions Monday on the Strait of Hormuz during an impromptu news conference at the White House. CBS News' Charlie D'Agata has more.
President Trump on Monday said he didn't know whether or not Iran's new supreme leader, Ayatollah Mojtaba Khamenei, is dead or not. See his remarks.
Oscar winners Jessie Buckley, Michael B. Jordan and other celebrities appeared on the red carpet for the Vanity Fair party after the awards show. See some of the red carpet looks.