Corporate News - News of Austin

Larry Ellison Guarantees $40.4B for Paramount’s Bid to Take Over Warner Bros. Discovery

Aiden V. Crossfield December 23, 2025

On Monday, Paramount announced that Oracle founder Larry Ellison personally guaranteed $40.4 billion of equity financing for its hostile takeover bid...

Solar panels illuminate a futuristic data center with a glass road and indigo sky reflecting sustainability.

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Alphabet to Acquire Energy Specialist Intersect for $4.75 Billion to Secure Power for AI Data Centers

Fiona Z. Merriweather December 23, 2025

Alphabet, the parent company of Google, announced Monday it will acquire energy specialist Intersect for $4.75 billion as part of its effort to...

Executive holding Warner Bros. Discovery shares with a crumpled Paramount offer letter in the other hand

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Affinity Partners Pulls Back from Paramount’s $30-Per-Share Bid for Warner Bros. Discovery

Brianna Q. Lockwood December 23, 2025

A private equity firm linked to the President’s son‑in‑law has withdrawn its support for Paramount’s $30‑per‑share offer for Warner Bros. Discovery,...

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Warner Sharesholders Urged to Reject Paramount’s $77.9B Offer in Favor of Netflix’s $72B Bid

Hannah E. Clearwater December 23, 2025

Warner Bros. Discovery shareholders are being asked to reject Paramount Skydance’s $77.9 B all‑cash bid in favor of a $72 B cash‑and‑stock offer from...

Broken key lies on dusty floor with worn files and faded photos and a faint car sign in background.

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Tricolor Holdings Founder Arrested as Fraud Scheme Unveiled

Gavin U. Stonebridge December 23, 2025

On Wednesday, authorities announced the arrest of Daniel Chu, the founder of sub‑prime auto lender Tricolor Holdings, and the guilty pleas of two...

Warner Bros. chairman sits sternly at a boardroom table with Paramount and Netflix leaders illuminated in soft light headline

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Warner Bros Urges Shareholders to Reject Paramount Bid, Prefers Netflix Deal

Aiden V. Crossfield December 23, 2025

A dramatic turn in the entertainment industry unfolded this week as Warner Bros. issued a formal letter to its shareholders urging them to reject a...

Two executives negotiating at a cluttered boardroom table with a screen comparing Netflix and Paramount bids

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Warner Bros. Shares Face $72B Netflix Bid Against $79.9B Paramount Offer

Brianna Q. Lockwood December 22, 2025

Warner Bros. shareholders confront a clash between Netflix’s $72 billion offer and Paramount Skydance’s $79.9 billion bid, setting the stage for a...

Three business leaders discussing strategy with TikTok app on a tablet stand in a modern conference room.

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TikTok Secures U.S. Future with New American Ownership Deal

Brianna Q. Lockwood December 22, 2025

TikTok’s future in the United States has just been secured. The Chinese‑owned platform announced a deal that will hand over its U.S. operations to a...