Warner Bros. Discovery is caught in a battle between Netflix and Paramount and chances are, it will be a long, bumpy regulatory road ahead. Netflix wants to buy Warner’s studio and streaming business for $72 billion, while Paramount has made a hostile $77.9 billion bid for a full takeover. Either deal could vastly reshape the…… MORE
Power has been restored to most of the 130,000 homes and businesses affected by a massive outage in San Francisco. Pacific Gas and Electric Co. crews was still working Sunday to restore power to 16,000 customers as midday. The outage began Saturday afternoon and was partly caused by a fire at a substation. The full…… MORE
SAN FRANCISCO (AP) — TikTok has signed a deal to form a new U.S. unit with three American investors — Oracle, Silver Lake and MGX — holding a majority stake. This ensures the popular social video platform can continue operating in the United States. The deal is expected to close on Jan. 22, according to…… MORE
SAO PAULO (AP) — Brazil’s President Lula da Silva hopes the Mercosur-EU free-trade deal will be signed in January, after it was delayed on Friday. Protests by European farmers and opposition from France and Italy have threatened the agreement, which has been in negotiation for over 26 years. EU officials had hoped to sign the…… MORE
Sony is taking control of the beloved comic strip Peanuts. The company is buying a 41% stake from Canadian owner WildBrain for $457 million. This deal, announced Friday, increases Sony’s shareholding to 80%. The Schulz family will continue to own the remaining 20%. Sony Music Entertainment’s President says they are excited to elevate the Peanuts…… MORE