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David Ellison at Netflix’s “America’s Team: The Gambler and His Cowboys” at The Egyptian Theatre on August 11, 2025 in Los Angeles, California. Gilbert Flores | Variety | Getty ImagesParamount Skydance laid out its plan Monday to convince Warner Bros. Discovery shareholders that it’s a better buyer for the company than Netflix. The hostile bid kicks off a tug-of-war that could get complicated. Paramount has officially launched a tender offer for current WBD shares at $30 per share, all cash. That bid is backed by $41 billion in equity financing. The remainder will be money from RedBird Capital and Jared…

Hollywood’s latest high-drama battle of the titans: Paramount versus Netflix.David Ellison’s Paramount made a hostile bid for Warner Bros. Discovery after WBD rebuffed its multiple offers and accepted Netflix’s offer to buy its studio and streaming business.This means Ellison, who is backed by his billionaire father, Larry Ellison of Oracle, is making his case directly to shareholders on why he’d be the best owner for WBD.”We have faster regulatory certainty to close,” Ellison said. He called the deal “pro-consumer, pro-creative talent,” and “pro-competition.”Netflix didn’t respond to the hostile bid but has said that by combining its streaming hits with WBD’s…

The Financial Accounting Standards Board published an accounting standards update with the goal of improving the navigability of the required interim reporting disclosures while clarifying when that guidance should be applicable. The standards update also includes extra guidance on what disclosures should be provided in interim reporting periods.”The ASU clarifies the applicability of the interim reporting guidance, the types of interim reporting, and the form and content of interim financial statements in accordance with generally accepted accounting principles,” said FASB chair Richard Jones in a statement Monday. “We expect that these clarifications will enhance consistency in interim reporting for all entities.”The…

The governments of Saudi Arabia, Qatar, and Abu Dhabi want to invest billions of dollars into a would-be mega media conglomerate made up of Paramount and Warner Bros. Discovery.What would they get for their money?Spoiler: I don’t know. And Paramount, the company that wants to use the three oil nations to help finance its bid for WBD, won’t say.But it sure seems like a question worth asking, as Paramount launches a hostile bid for WBD after losing last week’s auction to Netflix.Paramount says the three petrostates will be part of the new bid — as they were in Paramount’s previous…

The American Institute of CPAs advised the Treasury Department and the Internal Revenue Service to simplify the tax reporting requirements for partnerships and S corporations — or passthrough entities. In a letter, the AICPA recommended ways to help alleviate time constraints that affect tax practitioners to prepare returns for PTEs. It suggested the Treasury and IRS implement a vetting approach to developing, revising and evaluating PTE reporting requirements. “Our comments encourage the Treasury and the IRS to adopt a proactive vetting process that promotes transparency, simplification and coordination to ease the administrative burden of PTE reporting,” Michelle Zou, senior manager for…

David Ellison is officially the CEO of Paramount Skydance. After a successful Paramount merger, next on his wish list is Warner Bros. Discovery — and he’s launched a hostile takeover bid in an effort to scoop it out from Netflix’s hands.The 42-year-old founded Skydance back in 2006 with some help from his father Larry Ellison, the Oracle cofounder who’s worth $277 billion, according to the Bloomberg Billionaires Index.Since then, Skydance has enjoyed considerable success with films including “Mission Impossible: Ghost Protocol” and “Baywatch,” and a total box office haul of more than $8 billion. The merger deal valued Skydance at…

FBI officers are seen here taking a knee as demonstrators marched in June 2020, in Washington, D.C., during a protest over the death of George Floyd, a Black man who died after a police officer kneeled on his neck for several minutes. Jose Luis Magana/AP hide caption toggle caption Jose Luis Magana/AP Twelve FBI agents who were fired this year for taking a knee during racial justice protests in the heated summer of 2020 are suing the Bureau and its director, alleging unlawful retaliation. The former special agents—who together have nearly 200 years of experience—once received awards for helping disrupt…

Mike Cavanagh, President of Comcast Corporation attends the Allen & Company Sun Valley Conference on July 10, 2024 in Sun Valley, Idaho. TKevork Djansezian | Getty ImagesComcast’s top brass on Monday pulled the curtain back on the company’s unsuccessful unsuccessful bid for Warner Bros. Discovery, detailing an offer far different from its rival bidders. Mike Cavanagh, Comcast president and soon-to-be co-CEO, walked through the specifics of the proposal —and the company’s thinking — during the UBS Global Media and Communications Conference on Monday, just days after Comcast was knocked out of the bidding war for Warner Bros. Discovery assets. “When…

Berkshire Hathaway is reshuffling its top ranks ahead of the departure of its legendary CEO, Warren Buffett, in January.The company announced on Monday that Todd Combs, one of Buffett’s key deputies and CEO of Berkshire-owned Geico, is departing the company to take on a role at JPMorgan.Alongside Combs’ departure, Berkshire Hathaway announced a series of new leadership appointments.The company said that the new leaders are “stewards of the company’s culture, demonstrate strong business acumen and judgment, and enable Berkshire’s distinctive way of operating.”The shake-up of Berkshire Hathaway’s top ranks comes weeks before Greg Abel is due to take over from…

When my partner and I bought our first house together eight years ago, we knew we wanted a place with character.We’d both lived in new builds before and dreamed of owning a place with more charm and a real history. Then, we found exactly what we were looking for in a four-story house built in the early 1900s.We fell in love with its high ceilings, spacious rooms, old stone garden wall, and semi-rural location, and we purchased it.Eight years later, our relationship with the house is a lot more complicated.After a few dreamy months, the reality of living in a…