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Spotify will transition founder Daniel Ek to an executive chairman role in January 2026, with co-presidents Gustav Söderström and Alex Norström becoming co-CEOs. Ek emphasizes growth in emerging markets and AI technology. The move formalizes existing leadership roles and reflects ongoing strategic shifts.
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Paramount Skydance is reportedly preparing a $71 billion bid for Warner Bros. Discovery, involving sovereign wealth funds from Saudi Arabia, Qatar, and Abu Dhabi. Denials have been issued, but reports of meetings with Middle Eastern officials suggest potential regional backing. The deal could reshape media ownership amid regulatory and political considerations.
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Multiple bidders, including Paramount Skydance, Netflix, and Comcast, are competing to acquire Warner Bros. Discovery. Paramount Skydance is seen as the front-runner due to political ties and financial backing, but regulatory hurdles and political considerations could influence the outcome. The story is current as of Thu, 04 Dec 2025.