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Netflix is revising its $72 billion offer for Warner Bros. Discovery to make it an all-cash transaction. Netflix initially put forth a cash and stock deal valued at $27.75 per Warner Bros. share, giving it a total enterprise value of $82.7 billion, including debt. Netflix and Warner Bros. said Tuesday that the revised deal simplifies the transaction structure, provides more certainty of value for Warner Bros. stockholders and speeds up the path to a Warner Bros. shareholder vote. The companies said that the all-cash transaction is still valued at $27.75 per Warner Bros. share. Warner Bros. stockholders will also receive the additional value of shares of Discovery Global following its separation from Warner Bros. “Together, Netflix and Warner Bros. will deliver broader choice and greater value to audiences worldwide, enhancing access to world-class television and film both at home and in theaters,” Ted Sarandos, co-CEO of Netflix, said in a statement. “The acquisition will also significantly expand U.S. production capacity and investment in original programming, driving job creation and long-term industry growth.” Warner Bros. previously announced that it will separate Warner Bros. and Discovery Global into two separate publicly traded companies. The separation is expected to be completed in six to nine months, prior to the closing of the proposed Netflix and Warner Bros. deal. The transaction with Netflix is expected to close 12 to 18 months from the date that Netflix and Warner Bros. originally entered into their merger agreement. Both companies’ boards approved the amended all-cash deal. Media Jan 7 Warner Bros rejects Paramount bid again and tells shareholders stick to Netflix Media Dec 22, 2025 Paramount beefs up its bid for Warner Bros. Discovery with new Larry Ellison guarantee Donald Trump Dec 10, 2025 Trump says CNN should be sold as part of any Warner Bros. deal Netflix’s stock rose 1.3% before the market open, while shares of Warner Bros. Discovery fell slightly. Netflix has been in a tussle with Paramount Skydance for Warner Bros., with Paramount taking another step in its hostile takeover bid of Warner Bros. last week, saying that it would name its own slate of directors before the next shareholder meeting of the Hollywood studio. Paramount also filed a suit in Delaware Chancery Court seeking to compel Warner Bros. to disclose to shareholders how it values its bid and the competing offer from Netflix. Warner’s leadership has repeatedly rebuffed Skydance-owned Paramount’s overtures — and urged shareholders just weeks ago to back its the sale of its streaming and studio business to Netflix. Paramount, meanwhile, has made efforts to sweeten its $77.9 billion hostile offer for the entire company. Warner Bros. Discovery said earlier this month that its board determined Paramount’s offer is not in the best interests of the company or its shareholders. It again recommended shareholders support the Netflix deal. Last month, Paramount announced an “irrevocable personal guarantee” from Oracle founder Larry Ellison — who is the father of Paramount CEO David Ellison — to back $40.4 billion in equity financing for the company’s offer. Paramount also increased its promised payout to shareholders to $5.8 billion if the deal is blocked by regulators, matching Netflix’s breakup fee. In a letter to shareholders, Warner expressed concerns about a potential deal with Paramount. Warner said it essentially considers the offer a leveraged buyout, which includes a lot of debt, and also pointed to operating restrictions that it said were imposed by Paramount’s offer and could “hamper WBD’s ability to perform” throughout a transaction. The battle for Warner and the value of each offer grows complicated because Netflix and Paramount want different things. Netflix’s proposed acquisition includes only Warner’s studio and streaming business, including its legacy TV and movie production arms and…

President Donald Trump spoke for over an hour at Tuesday’s White House press briefing to mark the one-year anniversary of the start of his second term. Trump took to the podium holding a book of what he said are his administration’s accomplishments over his first 365 days in office. But what was billed as a celebration of his achievements quickly pivoted to immigration enforcement in Minnesota. The president spent most of his opening remarks showing off mugshots of undocumented immigrants his administration has arrested while denigrating immigrants from Somalia. “Somalia is not even a country,” he said. “They don’t have anything that resembles a country. And if it is a country, it’s considered just about the worst in the world.” Trump claimed that the individuals were all “criminal illegal aliens that, in many cases, they’re murderers, they’re drug lords, drug dealers.” But an analysis of immigration arrests by The Associated Press shows the vast majority have no criminal records or only low-level offenses. While speaking about ICE operations in Minnesota Trump said that people who work for U.S. Immigration and Customs Enforcement are “going to make mistakes sometimes.” “They’re going to make mistakes sometimes,” Trump said. “ICE is going to be too rough with somebody, or, you know, they’re dealing with rough people, they’re going to make a mistake. Sometimes it can happen. We feel terribly,” he said. Trump said he “felt horribly” when he heard about the fatal shooting of Renee Good by an ICE officer two weeks ago in Minneapolis. “It’s a tragedy. It’s a horrible thing. Everybody would say ICE would say the same thing.” He said he learned her parents, her father in particular, “was a tremendous Trump fan,” adding, “He was all for Trump, loved Trump, and you know, it’s terrible. I was told that by a lot of people. They said, ‘Oh, he loves you.’ … I hope he still feels that way.” Trump Administration 5 hours ago Trump's ICE force is sweeping America. Billions in his tax and spending cuts bill are paying for it Trump Administration Jan 19 Trump links Greenland threats to Nobel snub as Europe eyes tariff retaliation The rare briefing room appearance comes as the president has faced extraordinary pushback from America’s European allies over his planned tariffs over Greenland, tensions he’ll face in person this week at the World Economic Forum in Davos, Switzerland. European Commission President Ursula von der Leyen has described Trump’s planned new tariffs over Greenland as “a mistake especially between long-standing allies” and called into question Trump’s trustworthiness, saying that he had agreed last year not to impose more tariffs on members of the bloc. Trump has announced that starting February, a 10% import tax will be imposed on goods from eight European nations that have rallied around Denmark in the wake of his stepped up calls for the U.S. to take over the semi-autonomous Danish territory of Greenland. Asked at Tuesday’s White House press briefing how far he’ll go to acquire Greenland, Trump told reporters: “You’ll find out.” He did not elaborate. Since returning to the White House in January 2025, Trump has overturned decades of U.S. trade policy — building a wall of tariffs around what used to be a wide open economy. His double-digit taxes on imports from almost every country have disrupted global commerce and strained the budgets of consumers and businesses worldwide. They have also raised tens of billions of dollars for the U.S. Treasury. Trump has argued that his steep new import taxes are necessary to bring back wealth that was “stolen” from the U.S. He says they will narrow America’s decades-old trade deficit and bring manufacturing back to the country. But upending the global supply chain has proven costly…

The New York Giants held a press conference Tuesday to introduce their new head coach, three days after John Harbaugh agreed to the job and finalized the franchise’s all-out pursuit of its top candidate. Owners John Mara and Steve Tisch made the hire official less than 72 hours after a lengthy interview and dinner with Harbaugh that sealed the deal. The sides began working on a contract Wednesday night when it was clear Harbaugh was a fit and he canceled meetings with other teams. Harbaugh is expected to report directly to ownership, rather than general manager Joe Schoen. “To serve as this franchise’s head coach is a tremendous honor,” Harbaugh said in a statement. “I come from a football family, and I have deep respect for the history and tradition of this organization.” Harbaugh joins the Giants less than two weeks after he was fired by the Baltimore Ravens, who made the playoffs 12 times in 18 seasons with him in charge and won the Super Bowl in the 2012 season. Baltimore fell short of the postseason this year because of a missed kick at the buzzer in the season finale, leading ownership to make a change and put Harbaugh on the market. Harbaugh is now tasked with turning around the beleaguered Giants’ franchise, which has made just two playoff appearances over the past 12 years, and not made it past the divisional round. Todd Monken could follow him from Baltimore to be offensive coordinator, unless he takes a head-coaching gig in Cleveland or elsewhere. Harbaugh got the job over the likes of Kevin Stefanski, Mike McCarthy, Raheem Morris and Antonio Pierce, leapfrogging some expected front-runners who got shuffled back as soon as the 63-year-old became available. The chance to work for stable ownership and Dart made New York an attractive landing spot over places such as Tennessee, Atlanta and Miami. The Giants have talented pieces in place on either side of the ball, including running back Cam Skattebo, receiver Malik Nabers and left tackle Andrew Thomas on offense, plus pass rushers Brian Burns and Abdul Carter and nose tackle Dexter Lawrence on defense. They have the fifth pick in the draft to add to that stockpile. Changing the culture of losing that has pervaded the Meadowlands for the better part of the last decade is now on Harbaugh’s shoulders. Counting playoff games, the seven coaches who followed 2007 and ’11 Super Bowl champion Tom Coughlin have gone 45-105-1, a winning percentage of .300. Harbaugh is 193-124 in 317 games, a .609 winning percentage, since taking over the Ravens in 2008. He spent the previous 10 seasons as an assistant with Philadelphia, mostly as special teams coordinator and then defensive backs coach.

New York City Mayor Zohran Mamdani and U.S. Sen. Bernie Sanders rallied with nurses Tuesday in Manhattan during the ninth day of the largest strike of its kind that the city has seen in decades. The Democratic socialists, speaking to a boisterous crowd of nurses in front of Mount Sinai West on the Upper West Side, called on hospital executives to return to the negotiating table to resolve the contract impasse that prompted some 15,000 nurses to walk off the job last week. “The people of this country are sick and tired of the greed in this health care industry,” said Sanders, the long-serving Vermont senator and a native of Brooklyn, as he rattled off the multimillion-dollar salaries of the CEOs of the three hospital systems affected by the strike. “Now is your time of need, when we can assure that this is a city you don’t just work in, but a city you can also live in,” Mamdani added. The nurses union says it has held one bargaining session with each of the three hospital systems impacted — Mount Sinai, Montefiore and NewYork-Presbyterian — since the strike began on Jan. 12. But the sides say those hours-long meetings have ended with little progress, and there are no plans so far this week to resume talks. “They offered us nothing. It was all performative,” said Jonathan Hunter, a registered nurse at Mount Sinai and a member of the negotiating team. The New York State Nurses Association met Sunday evening with officials from Montefiore after holding negotiations Friday with Mount Sinai administrators and Thursday with NewYork-Presbyterian officials. Hospital administrators say they’ll follow the lead of contract mediators on when to meet again with their union counterparts. Each affected hospital is negotiating with the union independently. The hospitals say the union is proposing pay raises that amount to a 25% salary increase over three years. They maintain the request is unreasonable, as their nurses are already among the highest paid in the city. “NYSNA’s demands ignore the economic realities of healthcare in New York City and the country,” NewYork-Presbyterian said in a statement Tuesday, citing federal cuts to Medicaid, as well as rising overall costs. Outside Mount Sinai West on Tuesday morning, nurses and their supporters marched in the frigid cold, chanting “one day longer, one day stronger” as a caravan of New York City taxi drivers honked their horns in support. Nicole Rodriguez, a nurse at Mount Sinai West, said her biggest concern in the contract dispute is preserving her health care benefits. She said she has an autoimmune disease that causes her to get sick often and pass along illnesses to her child. “If my son is not well, I’m not well, and I can’t be at the bedside and be the nurse I want to be,” she said. “I hope management opens their eyes to how much support we have out here, and they see that they need to reach into their pockets and give the nurses their health care.” The union says the hospitals are seeking to reduce nurses benefits but the hospitals say they’ve proposed maintaining their current employer-funded benefits, which they say exceed what most private employees receive. The hospitals, meanwhile, say their medical operations are running normally despite the walkout. They have brought on thousands of temporary nurses to fill shifts and say they’ve made financial commitments to extend their employment. “Everyone who has come to work — including many who have gone above and beyond to support the operational response — is helping to save lives,” Brendan Carr, CEO of Mount Sinai, said in a statement to staff Monday.