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Showing posts with the label WARNER BROS

Paramount Counters Netflix With $108bn Bid for Warner Bros. Discovery

By Michael Ehindero
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Paramount has launched a surprise counteroffer for Warner Bros. Discovery (WBD), just days after Netflix unveiled plans to acquire the media giant in a deal valued at nearly $83 billion , including debt. The move sets the stage for what could become one of the most significant takeover battles in Hollywood’s history. In a statement on Monday, Paramount said it would take its $30-per-share all-cash offer directly to WBD shareholders. The proposal, which includes WBD’s Global Networks division, values the company at $108 billion, far higher than Netflix’s offer. Paramount also urged WBD’s board to reject Netflix’s bid. “We believe our offer will create a stronger Hollywood,” Paramount chief executive David Ellison said, adding that the proposal serves “the best interests of the creative community, consumers and the movie theatre industry.” The escalating contest has drawn political scrutiny. U.S. President Donald Trump has raised concerns about the potential concentration ...
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Netflix set to acquire Warner Bros in $83 Billion Deal

By Michael Ehindero
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Netflix, Inc . and Warner Bros. Discovery, Inc . have signed a definitive agreement that will see Netflix acquire Warner Bros., including its film and television studios, as well as HBO and the HBO Max streaming platform. The cash-and-stock deal values Warner Bros. Discovery at $27.75 per share, with an enterprise value estimated at $82.7 billion and an equity value of $72 billion. The acquisition is expected to be completed after WBD’s previously announced spinoff of its Global Networks division, Discovery Global, into a new publicly traded company. That separation is now projected for the third quarter of 2026. The merger will unite Netflix’s global streaming dominance with Warner Bros.’ century-old reputation for premium storytelling. Iconic titles such as The Big Bang Theory, The Sopranos, Game of Thrones, The Wizard of Oz and the DC Universe will join Netflix’s catalogue, which includes hits like Wednesday, Money Heist, Bridgerton, Adolescence and Extraction. The comp...
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Trending Stories On MEB

Uganda Shuts Down Internet as President Museveni seeks to extend 40 year rule

By Michael Ehindero
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Uganda has been plunged into a nationwide digital blackout on Tuesday evening as the government ordered internet service providers to sever connections just two days before a pivotal general election. The formal directive from the Uganda Communications Commission cited the need to curb misinformation, electoral fraud, and potential incitement to violence as justifications for the shutdown.  While government officials privately confirmed the order to AFP, the administration has avoided making a public announcement, reportedly to distance itself from the controversial decision. The timing of the disconnection heightens tensions as President Yoweri Museveni seeks to extend his four-decade rule against a familiar challenger, singer-turned-politician Bobi Wine. The blackout, which commenced at 6:00 pm local time, marks a stark reversal of recent government promises. Authorities had previously dismissed reports of an impending shutdown as "false" rumors designed to sp...
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Trial of K!llaboi who allegedly mvrdered his Girlfriend to begin today

By Michael Ehindero
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The trial of Nigerian internet punter Benjamin Best , popularly known as Killaboi , is set to commence today, Thursday, January 15, 2025. ___________________ RELATED : K!llaboi & Austa: The Billionaire Punter, The Model, and the M8rder That Shook Social Media! ___________________ Mrs. Cordelia Okonye, mother of the late Augusta Onuwabhagbe, confirmed the development in a post on her social media page, stating that the matter would be heard at the High Court, Tafawa Balewa Square, Lagos. Best is accused of killing 21-year-old Onuwabhagbe, a student of Lead City University, at his residence located at No. 24a Abiola Apooyi Street, Oral Estate in Ajah, Lagos, in July 2023. He reportedly fled the country shortly after the incident and was declared wanted by Nigerian authorities. He was arrested in Qatar in February 2025 and later extradited to Nigeria in April 2025 to face trial. Share this story
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52 AAU Students Arrested at Midnight and Jailed over Kidnapping Protests [WATCH]

By Michael Ehindero
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A high court has remanded 52 students of Ambrose Alli University (AAU) , following a protest against local insecurity that turned violent in Ekpoma, Edo State. The demonstration was initially organized by residents to decry a recent surge in killings and kidnappings. However, the situation escalated as mobs looted commercial shops and vandalized the ancestral palace of the Onojie of Ekpoma. _______________________ _______________________ While police moved in to restore order, several students claimed they were caught in a dragnet. Many reported being arrested during a 3:00 AM raid on their hostels, maintaining they were asleep when security agents arrived.  The suspects were transported to the court in a police van, where anxious relatives gathered to await the hearing. Presiding Judge, Justice William Aziegbemi, declined to grant bail, citing a lack of jurisdiction over the matter. He directed the defense team to file formal bail applications at the Ubiaja High Cour...
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Negligence in a Nigerian Hospital caused the death of my 21 month old son - Chimamanda Adichie

By Michael Ehindero
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Eminent Nigerian author Chimamanda Ngozi Adichie has alleged medical negligence in the death of her 21-month-old son, Nkanu Nnamdi, who passed away on Wednesday, January 7, 2026.  Adichie’s media team confirmed to ARISE News on Saturday that the author penned a detailed statement of the incident, which was originally shared privately with family and close friends before becoming public. In the statement, Adichie said her son was taken to Euracare Hospital for an MRI scan and the insertion of a central line. He was sedated for the procedure but allegedly not properly monitored after being administered propofol, resulting in severe complications, including loss of responsiveness, seizures, and cardiac arrest. She stated that her son “would be alive today if not for an incident at Euracare Hospital on January 6th,” where he was taken for medical procedures. Adichie explained that her family had been in Lagos for Christmas when her son developed symptoms they initially a...
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Court grants former AGF Malami, Wife & Son 1.5 Billion Naira Bail

By Michael Ehindero
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Justice Emeka Nwite of the Federal High Court in Abuja on Wednesday granted bail to the former Attorney General of the Federation and Minister of Justice, Abdulaziz Malami , his wife, and his son. Each defendant was admitted to bail in the sum of ₦500 million, accompanied by stringent conditions intended to ensure their appearance for trial. The court's decision follows Malami’s period in the custody of the Economic and Financial Crimes Commission (EFCC), where he has been held since December 8. His detention followed a reported failure to satisfy administrative bail terms previously established by the commission. In his ruling, Justice Nwite mandated that each defendant must provide two sureties in like sum. These sureties are required to be owners of landed property within the high-brow Abuja neighborhoods of Asokoro, Maitama, or Gwarinpa. Furthermore, the court ordered the defendants to surrender their international passports and land title...
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Bill Gates pays $8 Billion to ex-wife Melinda Gates as part of Divorce Settlement.

By Michael Ehindero
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Bill Gates transferred $7.9 billion to a nonprofit led by Melinda French Gates in late 2024, according to a recent tax filing, the New York Times revealed. The move forms part of an agreement reached last year, in which Gates pledged $12.5 billion to support French Gates’ philanthropic efforts after the former couple opted to stop collaborating through the Gates Foundation. Gates and French Gates, whose 27-year marriage ended in 2021 in what remains one of the most expensive divorces in history, have continued to reshape their philanthropic legacies independently. Following the split, French Gates received roughly $76 billion in assets. Before the transfer was disclosed, Gates, now 70, held an estimated net worth of $118 billion, per the Bloomberg Billionaires Index. French Gates, 61, is currently valued at about $17.7 billion. The funds were directed to Pivotal Philanthropies, a tax-exempt nonprofit launched in 2022. It sits within French Gates’ broader network, Pivotal V...
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Arsenal and England star Declan Rice banned from driving for 6 months

By Michael Ehindero
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Arsenal and England ace midfielder Declan Rice has been hit with a six-month driving ban after being caught speeding twice on the same road in just one week. The £105million midfielder was first caught doing 37mph in a 30mph zone on January 3 last year. Barely five days later, the 26-year-old was caught again on the same stretch of the A217, hit for doing 49mph in a 40mph limit. The England international, who did not attend the hearing at Crawley Magistrates Court Tuesday, 01/06/25, he was hit with a £2,185 bill in fines and costs.  The disqualification comes after the new offences took his license to 15 points, way over the total limit. Share this story
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X officially Suspends @twitter Account

By Michael Ehindero
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Elon Musk 's X has officially suspended the iconic @ twitter handle in a move that marks the final symbolic severance from its past. The account, dormant since Elon Musk’s $44 billion takeover, now displays a "Rule Violation" notice, though the company has not specified which policy was broken. The move marks a symbolic end for the "Blue Bird" era. Since the 2023 rebrand, Musk has steadily erased legacy features to make room for his "everything app" vision. While some see the suspension as a routine cleanup of inactive assets, others view it as the ultimate sunsetting of the Twitter brand. Neither Musk nor X leadership has commented on the deactivation. Share this story
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Nigerian FG declares Public Holidays on December 25th, 26th & January 1st

By Michael Ehindero
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Minister of Interior, Dr. Olubunmi Tunji-Ojo _____ The Federal Government has declared Thursday, December 25 , and Friday, December 26, 2025 , as public holidays to mark Christmas Day and Boxing Day .  It also announced Thursday, January 1, 2026 , as a public holiday for the New Year celebrations. The announcement was conveyed in a statement on Monday by the Permanent Secretary in the Ministry of Interior, Dr Magdalene Ajayi , on behalf of the Minister of Interior, Dr Olubunmi Tunji-Ojo . Dr Tunji-Ojo extended Christmas and New Year greetings to Christians in Nigeria and across the world, as well as to all Nigerians. He noted that the festive season provides an opportunity to reflect on the values of love, peace, humility and sacrifice exemplified by the birth of Jesus Christ. He urged Nigerians, irrespective of religious or ethnic background, to use the period to pray for peace, security and national progress, while supporting the Federal Government’s efforts toward u...
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BOXOFFICE ON THURSDAY - Sean Combs: The Reckoning

By Michael Ehindero
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Executive Producer : 50 Cent  Director : Alexandria Stapleton Coming : December 2 Streaming On : Netflix ________________________ ________________________ Plot :  In a 4 part series, ' The Reckoning ' is a staggering examination of the media mogul, music legend, and convicted offender Sean 'Diddy' Combs .  In July, Combs was found guilty of two counts of transportation for purposes of prostitution, and is currently serving time in federal prison.  ________ The film includes previously unseen footage and fresh interviews with several of Sean “Diddy” Combs’ former associates, childhood friends, artists, and employees, according to a press release. Director Stapleton says this documentary extends beyond Combs, Cassie, the alleged victims, and the ongoing legal proceedings. In her words: “This story ultimately serves as a mirror reflecting us as a society and what it means when we elevate celebrities to such high pedestals,” she said....
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