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The Latest Breaking News from Warner Bros Discovery

Larry Ellison Risks $40.4bn Fortune to Back Son's Warner Bros Takeover in Netflix Streaming War

Oracle founder Larry Ellison provides $40.4 billion personal guarantee for son David's Paramount bid to acquire Warner Bros Discovery from Netflix.

International Business Times UK

First Thing: Number of people in ICE detention hits record high

Administration has arrested 328,000 and deported 327,000 people. Plus, Bethlehem in the Israeli-occupied West Bank celebrates Christmas again

The Guardian - UK

Asian shares climb after US stocks rise at the start of a holiday-shortened week

Asian shares are mostly higher after benchmarks on Wall Street rose at the start of what’s expected to be a relatively calm holiday week

The Independent UK

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Stocks Rise to the Spirit of the Season: Stock Market Today

Investors, traders and speculators are beginning to like the looks of a potential year-end rally.

Kiplinger

Movie theaters fear the potential Netflix-Warner Bros deal could be another threat to their business

Streaming giant Netflix said it will buy film and television studio Warner Bros. Discovery in a massive $82 billion deal

The Independent UK

Outrage after CBS pulls 60 Minutes segment on El Salvador’s Cecot prison

Controversially appointed editor-in-chief Bari Weiss says: ‘I held that story and I held it because it wasn’t ready’

The Guardian - US

Larry Ellison guarantees $40.4 billion in Paramount's hostile bid for Warner Bros. Discovery

Paramount is sweetening its hostile takeover bid for Warner Bros

The Independent UK

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Billionaire Larry Ellison comes to his son’s rescue, agreeing to personally guarantee over $40 billion to finance Paramount’s bid for Warner Bros.

Warner Bros. is in the middle of a tug-of-war between Netflix and David Ellison’s company, Paramount Skydance.

Fortune

‘Holy f***ing dumpster fire’: Bari Weiss sparks ‘revolt’ at ‘60 Minutes’ by spiking CECOT segment

EXCLUSIVE: ‘It’s going to be fascinating to see how far Bari is willing to double down on the piece ‘not ready’ argument and or/attack Sharyn and [60 Minutes],’ one CBS News staffer told The Independent.

The Independent UK

Paramount guarantees backing of Larry Ellison in Warner Bros. bid

The reliability of the financial backstop was among the chief concerns of the Warner Bros. board in rejecting the bid.

Axios

Larry Ellison gives personal guarantee for Paramount takeover of Warner Bros Discovery

WBD had urged shareholders to reject $108.4bn hostile takeover bid from Paramount, which is controlled by the Ellisons, following $82.7bn Netflix deal

The Guardian - US

Pierce Brosnan says Netflix’s ‘unsettling’ Warner Bros deal ‘doesn’t feel culturally right’

‘Thursday Murder Club’ actor said he has witnessed cinemas ‘evaporating from the landscape’ where he lives in both California and London

The Independent UK

The tug-of-war over CNN shows how dysfunctional US media has become

The network’s fate has become a battle of corporate ownership, not a question of what benefits Americans

The Guardian - US

Gray ‘disappointed’ Commonwealth Games will not be shown on free-to-air TV

TNT Sports has been named as the live broadcaster for the event in Glasgow next summer.

Evening Standard

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The Independent UK

Commonwealth Games coverage set for major change as ‘landmark’ deal is struck

The BBC has been the principal broadcaster for the Commonwealth Games since 1954

The Guardian - UK

BBC outbid by TNT Sports for 2026 Glasgow Commonwealth Games

TNT will broadcast the 2026 Commonwealth Games in Glasgow after outbidding the long-time rights holder, the BBC

Evening Standard

Warner Bros sale: The $100bn battle for the soul of Hollywood

The bidding war for Warner Bros will determine the future of film — will London escape the fallout?

Cinemablend

How To Watch Heated Rivalry Episode 5 Online And Stream The Steamy Canadian Sports Drama From Anywhere Now

The breakout gay sports drama skates to first place in Canada, and our guide explains how to watch Heated Rivalry episode 5 online and from anywhere now.

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Disney+, Apple TV and Prime Video beware – HBO Max's European rollout is surprisingly soon

One of the biggest streaming services in the US will finally arrive in Europe in January

The Independent UK

Asian shares follow Wall Street lower as AI worries drag tech stocks lower

Asian shares have fallen after declines for AI stocks dragged the U.S. market to its worst day in nearly a month

The Independent UK

Warner Bros Discovery make feelings clear on proposed takeover bids

IN FULL

International Business Times UK

Here's Why Warner Bros Wants to Reject Paramount's 'Illusory' £81bn Bid and Back the Netflix Deal Instead

Warner Bros rejects Paramount's £81bn bid, calling it 'illusory,' as it backs Netflix merger for streaming dominance.

Barchart

Stocks Retreat as AI Infrastructure Companies and Chip Makers Fall

The S&P 500 Index ($SPX ) (SPY ) today is down by -0.61%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down by -0.12%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down by -1.12%. December E-mini S&P futures (ESZ25 ) are down -0.66%, and December...

Barchart

Netflix Says the Warner Bros’ Deal Is All About ‘Growth.’ Will NFLX Stock Keep Growing in 2026?

Netflix calls the Warner Bros. deal a growth play, but rich valuation and execution risks will test whether NFLX can extend gains into 2026.

Barchart

Stocks Mixed with Energy Producers Higher and Homebuilders Lower

The S&P 500 Index ($SPX ) (SPY ) today is down by -0.05%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up by +0.43%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down by -0.33%. December E-mini S&P futures (ESZ25 ) are down -0.06%, and December...

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