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    1. Business News
    2. Authors
    3. reuters

    Reuters

    Paramount has shed about $18 billion in market value since December 2019, when Redstone reunited two halves of the family's media empire, CBS and Viacom.
    Paramount Global’s co-CEOs to lay out strategy for shareholders

    Under the terms of the latest offer from Skydance, Paramount would acquire the independent studio in an all-stock transaction valued…

    By Reuters
    June 4, 2024 18:20 IST
    Paramount shares were up nearly 8% on Monday in afternoon trading
    Skydance awaits word on its enhanced bid for Paramount

    Skydance would make a tender offer to buy about 40% of Paramount’s nonvoting B class of shares, according to the…

    By Reuters
    Updated: June 4, 2024 09:58 IST
    Their campaigns were separate, competing efforts, but both wanted change at Disney
    Peltz’s Trian sells out Disney stake after board fight

    The hedge fund was Disney’s fifth-biggest shareholder with a 1.77% stake as of March 31, according to LSEG data

    By Reuters
    Updated: May 31, 2024 12:15 IST
    Paramount shares were up nearly 8% on Monday in afternoon trading
    Skydance sweetens offer for Paramount Global, source says

    The new deal is said to offer improved terms for both voting and non-voting Paramount shareholders

    By Reuters
    May 31, 2024 10:45 IST
    In its new game, Squad Busters, the company sees potential for attracting new players (Image: Reuters)
    Supercell eyes new gamer groups in battle for consumers’ free time

    Majority-owned by China’s Tencent, Supercell has previously put out five games, including Clash of Clans

    By Reuters
    May 30, 2024 17:45 IST
    In a press call, Meta security executives said they removed the Israeli campaign early (Image: Reuters)
    Meta identifies networks pushing deceptive content likely generated by AI

    The social media company said the accounts posed as Jewish students, African Americans, and other concerned citizens

    By Reuters
    May 30, 2024 11:45 IST
    Comcast announced price hikes for Peacock ahead of the Olympic Games in Paris this summer (Image: Reuters)
    Verizon adds Peacock to streaming hub, offers discounted YouTube premium plan to customers

    Reportedly, the telecom firm said it will offer YouTube Premium for $10 per month

    By Reuters
    May 29, 2024 11:00 IST
    Thailand
    Thailand to offer longer visa stay periods for foreign students, remote workers and digital nomad

    Tourism is a key driver of Southeast Asia’s second-largest economy and a big source of employment.

    By Reuters
    May 28, 2024 18:44 IST
    Benetton shareholders are then scheduled to meet on June 18, at which time Renon's CEO mandate will not be renewed, the two sources said.
    Italy’s Benetton plans restructuring as losses mount, sources say

    The Benettons own the clothing group made famous by its colourful jumpers and provocative advertising campaigns through their Edizione holding…

    By Reuters
    May 28, 2024 09:19 IST
    Meta has suspended several Instagram and Threads accounts
    Meta submits changes to UK privacy compliance proposals, CMA says

    Meta Platforms has offered to limit the use of certain data from all advertisers on its Facebook Marketplace platform, as…

    By Reuters
    May 27, 2024 16:05 IST
    The wealth distribution is even more skewed
    India economy likely grew at weakest pace in a year in January-March: Report

    The country’s gross domestic product (GDP) unexpectedly grew by 8.4% in October-December compared to a year earlier, thanks to a…

    By Reuters
    Updated: May 27, 2024 14:17 IST
    airlines, qatar airways, dublin flight, flight turbulence
    Twelve injured as Qatar Airways Dublin flight hits turbulence, airport says

    Irish broadcaster RTE, citing passengers arriving at Dublin Airport, said the incident lasted less than 20 seconds and occurred during…

    By Reuters
    May 26, 2024 19:18 IST
    TVN said in a statement that its ownership structure raises no doubts (Image: Reuters)
    US criticises Polish broadcast regulator over treatment of TVN Style

    The Polish National Broadcasting Council said that a vote on TVN Style’s licence renewal was inconclusive

    By Reuters
    May 24, 2024 15:30 IST
    The announcement comes as bidders negotiate the purchase of media conglomerate Paramount Global (Image: Financial Express)
    Charter brings Paramount+ to Spectrum TV customers in new carriage deal

    Reportedly, the companies did not disclose the financial terms of the deal

    By Reuters
    May 24, 2024 13:15 IST
    The companies argue other competitors won't be harmed as they can bid when those rights expire in 2027 and 2028, the sources added
    Reliance, Disney seek India antitrust nod with cricket rights assurance, sources say

    Reliance and Disney have told the Competition Commission of India (CCI) the cricket rights were obtained separately under a bidding…

    By Reuters
    May 24, 2024 09:45 IST
    There is growing concern in Washington that AI-generated content could mislead voters in the November presidential and congressional elections
    AI disclosure required in campaign ads, FCC chair says

    The rule would require on-air and written disclosures and cover cable operators, satellite TV and radio providers, but the FCC…

    By Reuters
    May 23, 2024 10:45 IST
    With Temasek's exit, Tata Play operates as a 70:30 joint venture between Tata and Disney
    Disney strikes deal to sell stake in India’s Tata Play

    The stake sale news comes as the US-based media giant looks to focus on its merger with India’s top conglomerate,…

    By Reuters
    May 23, 2024 09:45 IST
    Approximately 175 people will be affected by job cuts at the Walt Disney Co unit
    Disney’s Pixar Animation to lay off about 14% of workforce

    The animation studio had hired additional staff to create original series as former Disney CEO Bob Chapek pushed each of…

    By Reuters
    Updated: May 22, 2024 11:09 IST
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    Groww IPO Oversubscribed 17.6 Times, Driven by Strong QIB and Retail Demand

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    Nykaa Q2FY26 profit surges over threefold

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    Reliance Jio Positions Homegrown 5G Tech for Global Push into $121 Billion Market

    Jio eyes global runway with low-cost 5G tech

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