Le Journal

Netflix co-CEOs Greg Peters (left) and Ted Sarandos (right) have made an all-cash offer to Warner Bros. Discovery CEO David Zaslav (center).Joe Pugliese and John Nowak for Warner Bros. DiscoveryNetflix is revising its offer to buy Warner Bros. and offering all cash, similar to Paramount's bid.Paramount has argued that its offer is financially superior and has sued WBD.Unless WBD shareholders move against the board, Paramount may have to offer more money.Netflix is breaking open its piggy bank to keep Paramount Skydance CEO David Ellison from crashing its Warner Bros. deal.The streaming giant just sweetened its offer for the Warner Bros. studio and HBO by offering all-cash, matching a key feature of Paramount's hostile bid. Warner Bros.' board of directors has approved the all-cash bid, and the companies said they expect Warner shareholders to vote on the transaction by April."Our revised all-cash agreement will enable an expedited timeline to a stockholder vote and provide greater financial certainty," Netflix co-CEO Ted Sarandos said in a statement announcing the news."Today's revised merger agreement brings us even closer to combining two of the greatest storytelling companies in the world," David Zaslav, president and CEO of Warner Bros. Discovery, said in a statement on Tuesday. While Netflix isn't raising its bid from $27.75 per share, converting $4.50 per share in stock to cash takes away a variable for Warner Bros. Discovery shareholders. Netflix shares are down 13% since the Warner Bros. deal was made public and have fallen 28% since late October.Paramount believes its all-cash offer of $30 per share for all of WBD is superior to Netflix's winning bid for WBD's key assets, which include its studio, HBO, and HBO Max, but not its TV networks. Ellison has made eight bids for WBD, all of which have been rejected. Paramount is now suing WBD while fighting for spots on its board.A key remaining point of difference between the two bids hinges on the perceived value of WBD's networks. Paramount is looking to buy them, while Netflix is not.If WBD's cable channels, such as CNN, TNT, and HGTV, are valued at less than $2.25 per share, or $5.9 billion, then Paramount's proposal appears, at first glance, to be more appealing than Netflix's. However, WBD has said that it must knock off $1.79 per share from Paramount's bid to account for costs it would incur by changing course, like a $2.8 billion breakup fee to Netflix. That would mean WBD's cable networks only need to be worth $0.46 per share for Netflix's bid to be financially superior in the board's eyes.Paramount has argued that the WBD cable networks it wants to buy are worth $0 per share, or only as much as the debt they're expected to carry. Ellison and company acknowledged "the theoretical possibility" that those TV assets could be worth $0.50 per share.Most media analysts have a rosier view of WBD's cable business, valuing its channels anywhere from the low single digits to $3.51 per share. Even a glass-half-empty view based on the valuation of new cable company Versant would put WBD's networks at $1.20 per share as of last week, a Business Insider analysis found.Netflix's updated all-cash offer helps solidify WBD's decision to choose it, after accounting for the added costs from Paramount's bid.Unless WBD shareholders band against its board of directors, Paramount may face pressure to sweeten its offer by raising its bid.Read the original article on Business Insider

Kayla Peterson, director of partnerships at AI Wellness, dressed to impress at her first Davos.Jamie Heller/Business InsiderThe World Economic Forum kicks off this week in Davos, Switzerland.The annual event attracts the world's most powerful leaders in politics, tech, and business.Attendees were spotted in designer parkas and designer bags throughout the week's events.There's far more to Davos fashion than the iconic blue beanie and a sea of suits.Business Insider is on the ground at the annual World Economic Forum this week, and we'll be keeping an eye on the status symbols we spot among the mountain fashion.From designer — and company — parkas to the iconic Goyard bag, here's what attendees are wearing to stay warm and stylish.Fur trims kept attendees looking chic despite chilly temperaturesSarah Backhouse of the World Fifty Group sports a Frankie Shop coat and Saint Laurent sunglasses.Jamie Heller/Business InsiderSarah Backhouse, an executive director at executive networking company World Fifty Group, matched the fur collar of her Frankie Shop coat with a cozy fur hat.She accessorized the ensemble with Saint Laurent sunglasses and a Maison Goyard bag.Some attendees ditched their laptop bags for stylish pursesNidhi Sinha, head of marketing and communications for BCG North America.Courtesy of Nidhi Sinha.Nidhi Sinja, the head of marketing and communications for BCG North America, opted to carry a notebook in her quilted weatherproof Tory Burch bag.She coordinated the look with a North Face coat and L.L. Bean boots, both in cream hues that matched her white purse.Fashion also turned into an opportunity for promotionJamie HellerThese staff members from the cloud data platform Snowflake wore bright-blue parkas adorned with their company's logo.Stacey Kennedy's packing tipsJamie Heller/Business InsiderWhen the CEO of Philip Morris International US travels, even for long trips, she takes a carry-on. Her trick: Pick a color for the week and coordinate outfits around that, with travel-well fabrics. For Davos this week, the color is black.Wear bold colors to stand outJamie Heller/Business InsiderJonathan Nowak Delgado, a senior advisor at nonprofit ViaTalenta Foundation, per his business card, has a strategy to stand out at Davos: wear bold colors. Fur-lined coats were out in force as attendees braved the cold in DavosJamie Heller/Business InsiderWealth manager Andrew Gan gave his suit a Davos upgrade with a fur-lined coat and sunglasses as he headed to the Philippines House to moderate.Read the original article on Business Insider

Larry Fink, the CEO and chairman of Blackrock, and co-chair of the World Economic ForumFabrice COFFRINI / AFP via Getty ImagesLarry Fink critiqued capitalism during his opening remarks at the World Economic Forum on Tuesday.Capitalism has focused wealth in the hands of a narrow minority since the end of the Cold War, said the BlackRock CEO.The concentration of wealth could repeat in the AI era, he added.Larry Fink, the CEO of BlackRock, the world's largest asset management firm, kicked off the World Economic Forum on Tuesday with a critique of capitalism.More wealth has been created since the fall of the Berlin Wall than at any other time in human history, but it has not translated into shared prosperity, said Fink, who was appointed as interim co-chair of the World Economic Forum in August 2025, replacing founder Klaus Schwab."In advanced economies, that wealth has accrued to a far narrower share of people than any healthy society can ultimately sustain," he said.Fink warned that the pattern of unequal wealth distribution could repeat in the era of AI."Early gains are flowing to the owners of models, owners of data, and owners of infrastructure," said Fink."The open question, what happens to everyone else? If AI does to white collar workers what globalisation did to blue collar workers, we need to confront that today, directly."He urged those gathered at the annual meeting in Davos to rethink how prosperity is defined and to create a "credible plan" for broad participation in the gains AI can deliver."This is going to be the test. Capitalism can evolve to turn more people into owners of growth instead of spectators watching it happen," said Fink.The world's wealthiest 10% own roughly 75% of global wealth, while the poorest half hold only about 2%, according to the World Inequality Report 2026, released in December 2025 and based on data compiled by 200 researchers.Fink acknowledged in his speech that the World Economic Forum has lost trust and "feels out of step with the moment.""Davos is an elite gathering trying to shape a world that belongs to everyone," Fink said, adding that the forum should be more transparent and precise about what economic success means, especially with those who don't feel represented at gatherings like Davos."Prosperity just isn't the growth in the aggregate. It's not just GDP. It can't be measured by GDP or the market caps of companies. It has to be judged by many people who see it, who can touch it, can feel it, and can build their own future on it," said Fink.Fink has previously spoken about how the pandemic fueled a rethink of the US economy.In his 2022 annual letter to shareholders, Fink said the growth of stakeholder capitalism — the idea that companies should prioritize interests beyond shareholders — was a natural evolution of how capitalism can best work to build a strong economy."It is through effective stakeholder capitalism that capital is efficiently allocated, companies achieve durable profitability, and value is created and sustained over the long-term," he said.BlackRock, which manages some $14 trillion in assets, has been one of the loudest voices in support of environmental, social, and corporate governance (ESG) investing, with Fink often highlighting climate change and sustainability in his annual letters.Read the original article on Business Insider

Tesla CEO Elon Musk said it's "crazy" that automakers don't want to license Tesla FSD.Marc Piasecki/Getty ImagesTesla CEO Elon Musk said he has offered to license Full Self-Driving to other automakers.Companies like Ford and Rivian announced in recent weeks that they'll pursue self-driving in-house.Nvidia also released a toolkit that lowers the barrier to entry for pursuing autonomy.Elon Musk has called legacy automakers' hesitancy to license Tesla's Full Self-Driving software "crazy," but a slew of industry moves show that their reluctance is strategic.In recent weeks, more automakers have released roadmaps to build key pieces of automated driving software rather than outsourcing the technology. Because automakers see vehicle tech as a brand-defining component, a Tesla license can become a hard sell.Rivian, for example, is going deeper into vertical integration by designing a proprietary chip for the brain behind the company's autonomous driving computer. CEO RJ Scaringe even broached the idea of pursuing a robotaxi business at Rivian's Autonomy & AI Day in early December.Legacy automakers aren't taking the same ambitious route of designing custom chips, but they have begun to seek in-house solutions.Ford announced at the Consumer Electronics Show in Las Vegas that it plans to develop eyes-off driving software for public roads by 2028. The company said going in-house cuts costs by 30% and provides more control over how the software is integrated and deployed."To integrate, I can't do this with all these suppliers," Paul Costa, Ford's head of electrical engineering, told Business Insider. "We need to bring this stuff in-house, and it allows for this ability to do the trifecta at once: smaller, cheaper, and higher performance."Automakers haven't gone 'crazy'Musk said in a X post in November that it was "crazy" that legacy automakers didn't want to license Tesla FSD, an advanced driver assistance system (ADAS) that the EV maker has said will enable fully autonomous driving."When legacy auto does occasionally reach out, they tepidly discuss implementing FSD for a tiny program in 5 years with unworkable requirements for Tesla, so pointless," Musk said in the post.Musk didn't specify what those requirements were. A spokesperson for Tesla did not respond to a request for comment.Experts who track the software side of the automotive industry told Business Insider there's a practical reason to go in-house, even if there are near-term challenges.Chris Ahn, a principal at Deloitte who consults for key automakers, told Business Insider that companies have to decide what level of autonomy their customer base will want and how to achieve it, like using lidar or using a cameras-only system."It's not so much like, 'I'm taking it in-house because I don't want to use somebody's technology.' But this is a competitive business for them," Ahn said. "People who own Fords own Fords for certain reasons that are probably different reasons than why people who own Mercedes own Mercedes. And I think each of these automakers are going to have to define what does ADAS mean for the user base of my brand today."Steve Man, a senior auto analyst for Bloomberg Intelligence, told Business Insider that the technology stack of autonomous vehicles could be thought of as three interconnected parts: the software, the sensors, and the actuators — the components that control the physical movement of the car.All three components need to be able to "talk" to each other within a vehicle platform, Man said, which can be challenging and costly to do when an automaker relies on multiple suppliers."It's actually cheaper to bring everything in-house to integrate those three buckets of things," Man said.Nvidia lowers the barrierAs automakers seek more control over their technology, the tools to…

DoorDash's H1B visa data for 2025 spans roles from data science to managers overseeing new verticals for the delivery service.Chelsea Guglielmino/Getty ImagesDoorDash wants to expand its delivery business with new technologies, such as autonomous vehicles.CEO Tony Xu has said that DoorDash plans to invest hundreds of millions in key initiatives in 2026.Here's what DoorDash pays its tech workers, from data scientists to engineers.DoorDash, one of the biggest names in delivery, is trying to deliver even more.The company's couriers, known internally as "dashers," are a common sight as they zip around the US delivering food, groceries, and other goods to customers.Now, DoorDash is investing in new tech, including autonomous vehicles, as it looks to the future. CEO Tony Xu said on an earnings call in November that DoorDash would invest hundreds of millions of dollars this year in key initiatives, including a global tech platform for all its brands and autonomous tech.DoorDash employees don't just work on big problems, though. The company requires its corporate workforce to periodically make deliveries themselves through a program called WeDash.Some of the people making all of that happen at DoorDash corporate have joined the company from outside the US, and the company has sponsored H-1B visas.Employers include salary information when submitting applications to the US Department of Labor for H-1B work visas. The publicly available data includes ranges for base pay, but excludes equity or other benefits that companies often offer employees. The filings also include industry average pay rates for US workers in similar roles.Business Insider analyzed how much money companies from Apple to Walmart are paying for tech jobs and other roles. Explore salary data from America's biggest employers.In the year ending September 30, 2025, DoorDash submitted roughly 540 H-1B visa applications, which can offer insight into what the delivery company pays for certain jobs.The H-1B visa application process is changing under President Donald Trump.In September, Trump imposed a $100,000 fee on new H-1B visa applications. He's also proposed changes to work visa rules that could tilt the already competitive visa lottery in favor of the highest-paid applicants, lawyers told Business Insider.Here's a look at some of the jobs for which DoorDash has disclosed salaries in the work visa data. DoorDash did not respond to a request for comment from Business Insider.Associate Manager, Strategy & Operations: $104,400 to $174,000Associate, Finance & Strategy: $90,272 to $184,800Associate, New Verticals: $65,208 to $111,100Data Scientist: $146,000 to $268,200Data Scientist, Analytics: $131,000 to $271,000Director, Enterprise Strategy & Operations: $284,000 to $426,000Engineering Manager: $201,900 to $342,000Machine Learning Engineer: $126,400 to $302,900Manager, Analytics: $170,373 to $325,200Manager, Finance & Strategy: $176,571 to $236,400Manager, New Verticals: $158,642 to $240,000Product Manager: $141,170 to $342,000Senior Data Scientist: $211,536 to $325,200Senior Data Scientist, Analytics: $191,800 to $325,200Senior Manager, Strategy & Operations: $180,000 to $270,000Senior Salesforce Developer: $155,709 to $242,000Senior Software Engineer: $163,862 to $282,000Software Engineer: $105,560 to $359,000Software Engineer, Data: $148,699 to $282,000Software Engineer, Machine Learning: $126,400 to $255,800Technical Program Manager: $165,610 to $342,000Have a tip? Contact this reporter at abitter@businessinsider.com or via encrypted messaging app Signal at 808-854-4501. Use a personal email address, a nonwork WiFi network, and a nonwork device; here's our guide to sharing information securely.Read the original article on Business Insider