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Warner Bros Discovery is briefly reopening takeover talks with Skydance-owned Paramount to hear the company's "best and final" offer, while the Hollywood giant continues to back the studio and streaming deal it struck with Netflix. In a Tuesday regulatory filing, Warner said it had received a waiver from Netflix to reopen talks with Paramount for the next seven days, or until Monday. Warner said this will allow the companies to discuss unresolved "deficiencies" and "clarify certain terms" of Paramount's latest bid. But in the meantime, Warner's board is still recommending shareholders support of its proposed merger with Netflix. A special meeting is now scheduled for Friday, March 20 to hold a vote on that deal. In a statement, Netflix said it was confident that its proposed transaction "provides superior value and certainty" - but recognised "the ongoing distraction for WBD stockholders and the broader entertainment industry caused by PSKY's antics." The streaming giant noted it ha
American rock climber Alex Honnold climbed the Taipei 101 skyscraper on Sunday without any ropes or protective equipment. Cheers erupted from a gathered crowd as he started climbing the 508-metre (1,667-foot) tower earlier Sunday, using the horizontal metal beams to pull himself up with his bare hands. The onlookers cheered again when he paused at one point and turned around to face them, in a red short-sleeve shirt that stood out as he made the climb. Honnold's free solo climb of the iconic building in Taiwan's capital city was being broadcast live on Netflix with a 10-second delay. The ascent, originally scheduled for Saturday, was delayed for 24 hours due to rain. The climb drew both excitement and concern over the ethical implications of attempting such a high-risk endeavour on live broadcast. Honnold, known for his ropeless ascent up Yosemite National Park's El Capitan, climbed up one corner of Taipei 101 using small L-shaped outcroppings as footholds. Periodically, he had to
Login credentials, including usernames, passwords, of over 149 million accounts of internet firms, including Gmail, Instagram, Facebook, and Netflix, have allegedly been leaked, a report published by ExpressVPN said. The report published by cybersecurity researcher Jeremiah Fowler claims that the publicly exposed data includes 48 million accounts on Gmail, 4 million on Yahoo, 17 million on Facebook, 6.5 million on Instagram, 3.4 million on Netflix, 1.5 million on Outlook, etc. "The publicly exposed database was not password-protected or encrypted. It contained 149,404,754 unique logins and passwords, totaling a massive 96 GB of raw credential data. In a limited sampling of the exposed documents, I saw thousands of files that included emails, usernames, passwords, and the URL links to the login or authorization for the accounts," Fowler said in the report. Email queries to major firms named in the report did not elicit any immediate reply. Fowler said the database was publicly ...
Paramount Skydance is taking another step in its hostile takeover bid of Warner Bros Discovery, saying that it will name its own slate of directors before the next shareholder meeting of the Hollywood studio. Paramount also filed a suit in Delaware Chancery Court on Monday seeking to compel Warner Bros. to disclose to shareholders how it values its bid and the competing offer from Netflix. Warner Bros. is in the middle of a bidding war between Paramount and Netflix. Warner's leadership has repeatedly rebuffed overtures from Skydance-owned Paramount and urged shareholders to back the sale of its streaming and studio business to Netflix for USD 72 billion. Paramount, meanwhile, has made efforts to sweeten its USD 77.9 billion hostile offer for the entire company. Last week, Warner Bros. Discovery said its board determined Paramount's offer is not in the best interests of the company or its shareholders. It again recommended shareholders support the Netflix deal. David Ellison, the