All posts tagged: takeover

Cabinet gives its nod for completing takeover of metro rail phase one before March 31

Cabinet gives its nod for completing takeover of metro rail phase one before March 31

The State government has decided to completely take over the operation and maintenance of the Hyderabad Metro Rail first phase presently spanning 69 km. The government has set March 31 as the deadline for completing the process in this direction. The State Cabinet which met here on Monday deliberated on the issue during its marathon session and decided to discuss the issue in the upcoming budget session of the Legislative Assembly starting March 16. “The Opposition parties can give their suggestions on the takeover as also the steps that should be taken to go ahead with the second and third phases of the metro rail,” Revenue Minister Ponguleti Srinivasa Reddy said. The State had decided to take up the second and third phases in collaboration with the Central Government and the latter had appointed UP Metro Rail Corporation managing director as a member of the high level committee constituted to recommend the way forward in completion of the takeover. Health coverage for govt employees The Cabinet has approved, what it called, a unique health and …

Paramount sues Warner Bros for Netflix deal details in hostile 8 billion takeover bid

Paramount sues Warner Bros for Netflix deal details in hostile $108 billion takeover bid

Paramount Skydance on Monday sued Warner Bros Discovery for more information on a rival $82.7 billion deal with Netflix, escalating a battle to take control of one of the most storied Hollywood studios. A drone view shows The Warner Bros. studio lot in Burbank, California, U.S., December 8, 2025. REUTERS/Mike Blake/File Photo (REUTERS) The David Ellison-led company also said it planned to nominate directors to Warner Bros’ board, in one of its most aggressive steps to convince investors that its $108.7 billion all-cash bid is superior to Netflix’s cash-and-stock deal. Paramount and Netflix have been in a heated battle for Warner Bros, its prized film and television studios and its extensive content library, which includes Harry Potter and the DC Comics universe. Warner Bros last week rejected Paramount’s latest offer, advising shareholders to vote in favor of the Netflix deal. In a letter to shareholders, Paramount also said it would propose an amendment to Warner Bros’ bylaws that would require shareholder approval for any separation of the media giant’s cable TV business, which is key …

Afghanistan’s 1st Envoy In India After Taliban Takeover Takes Charge In New Delhi | India News

Afghanistan’s 1st Envoy In India After Taliban Takeover Takes Charge In New Delhi | India News

Last Updated:January 10, 2026, 13:09 IST Noor Ahmed Noor, appointed by the Taliban, arrives in Delhi as Charge d’Affaires amid evolving India-Afghanistan ties, though India does not officially recognise the Taliban govt. Afghanistan appointed Noor Ahmed Noor at its Embassy in Delhi. (Image: X) Nearly five years after the Taliban seized control of Kabul, the Afghan government appointed diplomat Noor Ahmed Noor to its embassy in New Delhi. The Taliban-appointed diplomat has arrived in Delhi to assume duties as Charge d’Affaires. His appointment was finalised following a visit by Taliban Acting Foreign Minister Amir Khan Mottaqi to Delhi in October 2025, during which he met External Affairs Minister S Jaishankar. Noor had accompanied Mottaqi during that visit and also travelled with him to the Darul Uloom madrassa in Deoband. In December 2025, Noor visited Dhaka, where he reportedly met several Islamist leaders ahead of Bangladesh’s February 12 elections. Although Noor serves as Director General of the First Political Division of the Afghan Ministry of Foreign Affairs in Kabul, officials said he is yet to submit …

Warner Bros set to reject Paramount’s 8.4 billion takeover bid, back Netflix in bidding war: Report

Warner Bros set to reject Paramount’s $108.4 billion takeover bid, back Netflix in bidding war: Report

Updated on: Dec 17, 2025 08:47 am IST A Reuters report says that Warner Bros will adivse its shareholders to vote against Paramount Skydance’s $108.4 billion takeover bid. Warner Bros. Discovery’s board could announce a decision as early as Wednesday on Paramount‘s $108.4 billion takeover bid, with the board likely to advise shareholders to vote against the offer, according to sources familiar with the matter. A drone view shows The Warner Bros. studio lot in Burbank, California, U.S., December 8, 2025. REUTERS/Mike Blake/File Photo(REUTERS) WB recommits to Netflix The decision to recommit to Netflix‘s buyout offer would mark the latest twist in the race for assets that include Warner Bros’ storied film and TV studio, and its extensive film and television library, whose portfolio includes classics ranging from Casablanca and Citizen Kane to contemporary favorites like Harry Potter and Friends, HBO and the HBO Max streaming service. A Warner Bros Discovery spokesman declined to comment. The winner will gain a big advantage in the streaming wars by locking up a deep content library that has …

‘Nothing is changing’: Netflix reassures after Warner Bros takeover sparks concerns for HBO Max, theatrical releases

‘Nothing is changing’: Netflix reassures after Warner Bros takeover sparks concerns for HBO Max, theatrical releases

Published on: Dec 07, 2025 01:28 pm IST Netflix is acquiring Warner Bros Discovery, including their film and television studios, HBO Max and HBO, in an $82.7 billion deal. Netflix buying Warner Bros Discovery has been the biggest news in global entertainment over the last couple of days. The streaming giant has finalised a $82.7 billion deal to acquire the major Hollywood studio and its entire library. This has sparked concern among moviegoers and industry insiders about the future of theatrical releases from the WB slate as well as their streaming site, HBO Max. Netflix and Warner Bros. Discovery, Inc. have announced an $82.7 billion deal for Netflix to acquire Warner Bros. film and TV studios, HBO Max, and HBO. Mario Tama/Getty Images/AFP (Photo by MARIO TAMA / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)(Getty Images via AFP) Netflix appeared to reassure their 82 million subscribers that ‘nothing is changing’ in a carefully-worded e-mail sent on Saturday night. The e-mail details the deal and explains that a lot is left to be negotiated …

OpenAI’s Countersuit of Elon Musk Alleges Harassment & ‘Sham’ Takeover Bid

OpenAI’s Countersuit of Elon Musk Alleges Harassment & ‘Sham’ Takeover Bid

OpenAI’s CEO Sam Altman. Image: Creative Commons While the legal battle between Elon Musk and OpenAI is scheduled to begin in the spring of 2026, the team at OpenAI has filed a countersuit accusing Musk of sustained harassment. The OpenAI/Musk feud thus far Although the roots of the feud go all the way back to the late 2010s and the early days of OpenAI, the legal battle between Musk and OpenAI officially began in February 2024. That’s when Elon Musk filed his original lawsuit against OpenAI, alleging the AI company had strayed from its founding mission as a nonprofit. While that lawsuit was later withdrawn, Musk filed a revised complaint containing the same core allegations in August 2024. Musk’s legal team also sought a preliminary injunction against OpenAI, which was meant to temporarily halt its transition to a for-profit model; however, that request was denied by the US District Judge Yvonne Gonzalez Rogers, who instead scheduled a jury trial to begin on March 16, 2026. In February 2025, an investment consortium led by Musk placed …

OpenAI countersues Elon Musk to stop his attacks and ‘fake takeover bid’

OpenAI countersues Elon Musk to stop his attacks and ‘fake takeover bid’

OpenAI filed a countersuit against Elon Musk on Wednesday, saying on X that “Elon’s nonstop actions against us are just bad-faith tactics to slow down OpenAI and seize control of the leading AI innovations for his personal benefit.” In the lawsuit, OpenAI’s lawyers argue that “Musk’s continued attacks on OpenAI, culminating most recently in the fake takeover bid designed to disrupt OpenAI’s future, must cease. Musk should be enjoined from further unlawful and unfair action, and held responsible for the damage he has already caused.” Musk, who was part of the initial founding team at OpenAI, initially sued last spring, saying he wanted to force the company to “return to its mission to develop AGI for the benefit of humanity” instead of pursuing profits. (The Verge’s editor-in-chief, Nilay Patel, found Musk’s legal case against OpenAI “hilariously bad.”) Earlier this year, Musk also offered $97.4 billion to buy OpenAI, saying in a statement that “it’s time for OpenAI to return to the open-source, safety-focused force for good it once was.” OpenAI’s board of directors unanimously rejected …

Intel Agrees to TSMC Takeover of Chip Foundries, Sources Say

Intel Agrees to TSMC Takeover of Chip Foundries, Sources Say

Intel foundry. Image: Intel Intel has tentatively agreed to let Taiwan Semiconductor Manufacturing Company (TSMC) take over some of its chipmaking facilities, according to The Information. TSMC will hold a 20% stake in the joint venture, contributing not cash, but value through sharing its chipmaking practices and training Intel staff, according to anonymous sources cited by the publication. Rumours of a possible takeover of Intel started swirling in February, with TSMC and Broadcom considering splitting the U.S. company’s manufacturing and design arms between them. The following month, TSMC reportedly offered a share in its proposed acquisition of the chip foundries to NVIDIA and AMD, as well as Broadcom. Both NVIDIA and Broadcom initiated manufacturing testing at Intel’s facilities at the time, sources said. However, Intel did not want to sell its chip design house separately from the foundry division, which manufactures custom chips for its customers. SEE: TSMC’s $100B Investment in US Data Centers Sets Foreign Investment Record Intel used to be a giant in the CPU industry, but the AI boom has led to …

TSMC Proposes Shared Takeover with Chip Giants

TSMC Proposes Shared Takeover with Chip Giants

Intel foundry. Image: Intel Taiwan Semiconductor Manufacturing Company has offered a share in its proposed acquisition of Intel’s chip foundries to NVIDIA, Broadcom, and AMD, sources told Reuters. The Taiwanese chipmaker intends to oversee the operations of Intel’s fab division, but aims to retain less than 50% ownership and is seeking multiple partners for the deal. Intel’s reluctance and internal divisions According to the anonymous sources, Intel does not want to sell its chip design house separately from the foundry division, which manufactures custom chips for its customers. Intel executives are also divided on whether striking any deal is a good idea. Last month, it was reported that TSMC and Broadcom were considering splitting the U.S. company’s manufacturing and design arms between them. Intel’s factories already operate somewhat independently; since 2022, they have taken orders from outside customers and in-house at equal priority. More about data centers Challenges in potential TSMC-Intel partnership TSMC has its own demands when it comes to the joint venture, as it wants any potential investors to also be Intel advanced-manufacturing …

Osgood Perkins says he won’t direct new James Bond movie after Amazon takeover | Hollywood

Osgood Perkins says he won’t direct new James Bond movie after Amazon takeover | Hollywood

Filmmaker and actor Osgood Perkins is not interested in directing the next James Bond film. The reason behind it is: Amazon MGM taking over the creative reins of the 007 franchise from longtime Bond custodians Michael G Wilson and Barbara Broccoli. Also read: Daniel Craig reacts to Amazon MGM taking over creative reins of James Bond films with a message for Wilson, Broccoli Last month, it was announced that Amazon MGM Studios, Michael and Barbara have formed a new joint venture in which they will co-own James Bond intellectual property rights.(AFP/AP) No Bond directing gig for Osgood In recent times, Osgood has made a name for himself in the industry with hits such as Longlegs and The Monkley. Recently, he took part in a Reddit AMA via IndieWire in which he expressed his views about the recent Amazon MGM takeover, according to Variety. He was asked, “Are you open to directing a Bond movie/trilogy? If so, who would you cast as your version of Bond?” To which, Perkins immediately shut down the thought by responding, …