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On December 8, 2025, Paramount Skydance launched a hostile $108 billion all-cash bid to acquire Warner Bros. Discovery (WBD), challenging Netflix's $83 billion deal announced the previous week. Paramount's offer includes WBD's cable assets like CNN, unlike Netflix's bid. The Ellison family, backed by Middle Eastern sovereign wealth funds and Jared Kushner's private equity, finances Paramount's bid. President Trump has expressed intent to involve himself in regulatory approval, citing competition concerns.
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As of December 6, 2025, Gaza remains devastated after two years of war with Israel, with over 70,000 Palestinians killed and much of the territory reduced to rubble. A fragile ceasefire has allowed rare moments of hope, such as a mass wedding of 54 couples, but ongoing violence, humanitarian shortages, and political instability persist amid international efforts to stabilize the region.
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US employment increased by 119,000 jobs in September, exceeding forecasts, but underlying weaknesses persist. Rising layoffs, hiring decoupling, and economic risks continue to shape the labor market outlook as analysts debate AI's impact and recession signals.
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As of December 31, 2025, Larry Ellison has personally guaranteed $40.4 billion to support Paramount Skydance's $108 billion hostile all-cash bid for Warner Bros. Discovery (WBD). This move addresses WBD's concerns over financing reliability, challenging Netflix's $82.7 billion cash-and-stock offer for part of WBD. The Ellisons aim to acquire all of WBD, including CNN and Discovery, intensifying a contentious bidding war with regulatory and shareholder implications.
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CBS News canceled a '60 Minutes' segment about Venezuelan men deported to El Salvador's CECOT prison, citing need for more reporting. The decision followed internal disagreements and political pressure, raising questions about editorial independence amid recent leadership changes at CBS News.
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On December 21, 2025, CBS News editor-in-chief Bari Weiss abruptly pulled a "60 Minutes" investigation into Venezuelan migrants deported by the Trump administration to El Salvador's notorious CECOT prison. The decision, citing the need for additional reporting and context, sparked internal backlash and accusations of political censorship amid Paramount Skydance's ongoing Warner Bros. Discovery acquisition bid. The unaired segment leaked online after briefly streaming on Canadian TV.
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UFC's 2026 media deal with Paramount+ launches with UFC Fight Night Vegas 113, featuring 13 fights including key bouts like Gaethje vs. Pimblett and O'Malley vs. Song. The event marks UFC's first on Paramount+ and reflects a major shift from traditional pay-per-view to streaming, with a focus on finishes and global accessibility.
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Paramount's $81 billion bid to acquire Warner Bros. Discovery, creating a media giant with major franchises, is expected to close in Q3 2026. The deal faces regulatory scrutiny and involves significant debt, with key players linked to political figures and international investors.