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Paramount makes a $108 billion hostile takeover bid for Warner Bros. Discovery

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Paramount has been none too pleased about Netflix striking an $82.7 billion deal to buy much of Warner Bros. Discovery (WBD). Now, Paramount is making a hostile takeover bid for WBD. It's making its pitch directly to WBD shareholders with an all-cash offer of $30 per share that expires on January 8.

Late last week, the WBD board unanimously accepted Netflix's offer of $27.75 per share. That breaks down to $23.25 per share in cash and another $4.50 per share in Netflix stock. Netflix's overall bid is valued at $82.7 billion, while Paramount's totals $108.4 billion.

There's a key difference when it comes to the Paramount offer, as it’s for all of WBD. The latter is scheduled to split into two companies next year. Netflix only wants the Streaming and Studios side of WBD's business, which includes HBO Max and the Warner Bros. film, TV and game studios.

Paramount is after the whole shebang, including WBD's cable channels (Global Networks). "WBD's Board of Directors recommendation of the Netflix transaction over Paramount's offer is based on an illusory prospective valuation of Global Networks that is unsupported by the business fundamentals and encumbered by high levels of financial leverage assigned to the entity," Paramount said in a press release on Monday.

As of the end of September, WBD was carrying $34.5 billion of gross debt. It planned to saddle the Global Networks company (aka Discovery Global) with most of that. The Paramount offer includes $40.7 billion in financing from the family of Paramount CEO David Ellison — his father is Oracle co-founder Larry Ellison — and RedBird Capital, but it would be taking on more debt to secure a deal for WBD. The bid includes "$54 billion of debt commitments from Bank of America, Citi and Apollo." (Apollo owns a majority stake in Yahoo, Engadget's parent company).

According to an SEC filing [PDF], other entities are backing the Paramount bid, including Jared Kushner’s investment firm Affinity Partners and the sovereign wealth funds of Saudi Arabia (the Public Investment Fund), Qatar and Abu Dhabi. Tencent was a financing partner in a previous Paramount offer, but it’s not involved with the hostile takeover attempt.

In a letter sent to WBD CEO David Zazlav before the company accepted Netflix's offer, Paramount questioned the "fairness and adequacy" of the sale process. It asked whether WBD was acting in the best interest of shareholders after the management team allegedly appeared to favor the Netflix offer.

"Despite Paramount submitting six proposals over the course of 12 weeks, WBD never engaged meaningfully with these proposals which we believe deliver the best outcome for WBD shareholders," Paramount said. "Paramount has now taken its offer directly to WBD shareholders and its Board of Directors to ensure they have the opportunity to pursue this clearly superior alternative."

Paramount — which Skydance bought for $8 billion this year — also claims that its offer is likely to face less regulatory scrutiny than the Netflix offer, which wouldn't close until sometime after WBD splits in two later in 2026. According to CNBC, Paramount executives believe that the company's smaller size and cozy relationship with the Trump administration will help streamline the regulatory process. Over the weekend, President Donald Trump said that Netflix's bid for WBD has "got to go through a process, and we’ll see what happens. But it is a big market share. It could be a problem."

In a statement to Variety, WBD said it will consider Paramount’s latest bid and provide a recommendation to its stockholders within 10 business days — in other words, by December 19. The company said it “is not modifying its recommendation with respect to the agreement with Netflix” for the time being and it is asking shareholders “not to take any action at this time with respect to Paramount Skydance’s proposal.”

Meanwhile, Netflix co-CEO Ted Sarandos said at an event on Monday that Paramount’s new offer was “entirely expected. We have a deal done, and we are incredibly happy with the deal. We think it’s great for our shareholders. It’s great for consumers. We think it’s a great way to create and protect jobs in the entertainment industry. We’re super confident we’re going to get it across the line and finish.”

Update December 8, 2025, 11:14AM ET: Added details about the involvement of sovereign wealth funds and Affinity Partners.

Update December 8, 2025, 2:38PM ET: Added the responses from WBD and Netflix.

This article originally appeared on Engadget at https://www.engadget.com/big-tech/paramount-makes-a-108-billion-hostile-takeover-bid-for-warner-bros-discovery-152248473.html?src=rss

Blink budget security cameras will support AI-powered video descriptions

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Amazon's budget Blink smart home brand is adding AI-generated video descriptions as a new benefit for subscribers. Blink Video Descriptions are text descriptions of the motion doorbells and cameras capture, and they’ll be available in beta starting December 8.

Not unlike Ring Video Descriptions, a feature offered on Amazon's other smart home brand, Blink's AI-generated descriptions are supposed to be a concise way to check out what's happening in and around your home. Any kind of motion can produce a video clip and a notification in the Blink app, but video descriptions should help weed out which ones are worth watching and worrying about.

Blink says Video Descriptions will be supported on all existing Blink doorbells and cameras, provided you're paying to be a Blink subscriber for at least $4 a month or $40 a year. That means if you've scooped up one of the new Blink 2K+, Blink Outdoor 2K+ or Blink Arc cameras, you'll be able to take advantage of the feature.

Blink Video Descriptions start rolling out to subscribers today in beta, though not in Illinois, possibly due to the state's Biometric Information Privacy Act.


Correction, Dec 8, 2025, 12:03pm ET: This story originally misstated the availability date for the beta as mid November.

This article originally appeared on Engadget at https://www.engadget.com/home/smart-home/blink-budget-security-cameras-will-support-ai-powered-video-descriptions-143000725.html?src=rss

The Google Pixel Watch 4 is cheaper than ever right now

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Cyber Monday has come and gone, but you can still get a great deal on a smartwatch with the Google Pixel Watch 4 marked down to $300 from $350. At almost 15 percent off, this is the lowest we've ever seen it.

The Pixel Watch 4 was just released in October and is our smartwatch of choice for users with Pixel phones. In our hands-on review we scored it 86 out of 100, taking note of its fast recharge time, health and fitness tracking, repairable design and gorgeous display.

The curved display sits under a domed glass cover and sports an impressive 3,000 nits of peak brightness, well beyond the 2,000 nits max of the Apple Watch Series 11. This makes the Pixel Watch 4 about 50 percent brighter than the previous generation, and thanks to smaller bezels the display is about 10 percent bigger.

The new generation also adds dual-frequency GPS, updated processors and a custom haptic engine. It also boasts a more repairable design thanks to a case that can be easily unscrewed to replace the display or battery. We did find the gesture based raise-to-talk Gemini feature a little gimmicky, and users should note that the watch must be connected to the internet for Gemini to work.

Thanks to all this, we named the Pixel Watch 4 the best smartwatch for Android users. It's as good a workout companion as a daily watch and offers peace of mind with emergency SOS via satellite. If you're an Android user in the market for a smartwatch, this is one of the best deals available now.

Follow @EngadgetDeals on X for the latest tech deals and buying advice.

This article originally appeared on Engadget at https://www.engadget.com/wearables/the-google-pixel-watch-4-is-cheaper-than-ever-right-now-141715083.html?src=rss

The Apple Watch Series 11 is $100 off and cheaper than ever

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If you're still on the hunt for gifts, or simply good holiday deals for yourself, you can find them on the internet. Just because Black Friday and Cyber Monday have ended doesn't mean the deals have dried up. One of the best deals available that we're tracking is on the latest Apple Watch Series 11, which you can get for a record low of $299. 

We gave the Apple Watch Series 11 a score of 90 when it came out in September. That's thanks, in part, to an upgraded 24 hours of battery life — which lasted closer to a day and a half — compared to the 18 hours promised by the Series 10. It also features a thin, light design and a wrist flick gesture for everything from dismissing a notification to ending calls. Plus, it has Apple's new hypertension tracker and comprehensive health monitoring. 

This deal is available for the Apple Watch Series 11 with a 42mm case and a small to medium band. Also on sale right now in the Apple Watch space is the Apple Watch SE 3, which is down to $199.

Check out our coverage of the best Apple deals for more discounts, and follow @EngadgetDeals on X for the latest tech deals and buying advice.

This article originally appeared on Engadget at https://www.engadget.com/deals/the-apple-watch-series-11-is-100-off-and-cheaper-than-ever-130006005.html?src=rss

Trump says if Netflix buys Warner Bros. its market share ‘could be a problem’

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After Netflix announced that it was acquiring Warner Bros. Discovery last week, observers immediatley wondered when or if the deal could obtain regulatory approval. Now, President Trump has made comments indicating that said approval is likely to take awhile if it happens at all, Bloomberg reported. 

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"Well, that’s got to go through a process, and we’ll see what happens," Trump told reporters in a recent Q&A scrum. "But it is a big market share. It could be a problem." The President added that he will be personally involved in the approval process. 

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As we pointed out last week, Netflix and HBO Max combined would account for around 33 percent of the US streaming video market, ahead of Prime Video's 21 percent share and likely enough to attract the antitrust division of the US Justice Department. For its part, Netflix has said that it will "maintain Warner Bros. current businesses," which includes HBO Max and HBO, theatrical releases for films as well as movie and TV studio operations. 

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Headwinds were likely with any deal, so in November Netflix's co-CEO Ted Sarandos reportedly met with Trump at the White House, arguing that the acquisition wouldn't create a monopoly. Trump said that Warner Bros. Discovery should sell to the highest bidder, and Sarandos left the meeting feeling that Netflix wouldn't face White House opposition in the short term.

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Even before regulators address the acquisition, more drama may ensue. Paramount, which first expressed interested in buying WBD when it wasn't even for sale, may launch a hostile bid. And Hollywood's unions and guilds are up in arms over fears that Netflix may significantly reduce Warner Bros.' theatrical distribution, along with its back end profits and production jobs. 

This article originally appeared on Engadget at https://www.engadget.com/entertainment/streaming/trump-says-if-netflix-buys-warner-bros-its-market-share-could-be-a-problem-123004774.html?src=rss

AirPods Pro 3 drop to a record low of $199

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If you haven't yet upgraded to Apple's AirPods Pro 3, you can pick up the company's latest model at a discount through a deal on Amazon right now. The AirPods Pro 3, which came out in September, are currently down to $199. That's $50 off and the best price we've seen. With the new AirPods Pro, Apple made some big improvements, including better battery life and sound quality, and introduced useful new features, such as Live Translation.

The AirPods Pro 3 are the best AirPods available today, with Apple's H2 chip, and earned a score of 90 out of 100 in Engadget's review this fall. Active noise cancellation (ANC) is one of the biggest selling points of the AirPods Pro, and Apple has made the experience even better with the AirPods Pro 3. They sport new foam-infused ear tips that create a better seal to improve passive noise isolation, and as Engadget's Billy Steele wrote in his review, "Ultra-low-noise microphones combine with advanced computational audio to silence even more background noise." In testing, they had no problem blocking out the chatter of people nearby or otherwise noisy environments.

With the AirPods Pro 3, Apple introduced heart-rate sensing, so you'll be able to see your heart rate data from the earbuds in the Fitness app and other workout apps. The AirPods Pro 3 also boast Live Translation, which you can activate via controls on the earbuds themselves. As long as you have an Apple Intelligence-capable device, you'll be able to translate in-person conversations in English, French, German, Italian, Japanese, Korean, Portuguese, Spanish and Chinese (Mandarin).

Follow @EngadgetDeals on X for the latest tech deals and buying advice.

This article originally appeared on Engadget at https://www.engadget.com/deals/airpods-pro-3-drop-to-a-record-low-of-199-222806196.html?src=rss

The Lord of the Rings trilogy returns to theaters in January for 25th anniversary

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One does not simply spend more than 11 hours watching The Lord of the Rings trilogy in a single weekend at home when the opportunity to do so in theaters arises. As The Lord of the Rings: The Fellowship of the Ring turns 25, Fathom Entertainment and Warner Bros. announced theatrical screenings of the Peter Jackson trilogy in their extended editions, according to an exclusive report from Variety.

The re-releases will be available in DBOX presentations from January 16 to 19, complete with movements and vibrations to make you feel like you're making the journey to Mordor with Frodo and his entourage. If you prefer a traditional experience, the trilogy will be available in standard format from January 23 to 25.

Popcorn buckets showing unique designs for the LOTR 25th anniversary theatrical rereleases.
Fathom Entertainment
Popcorn buckets showing unique designs for the LOTR 25th anniversary theatrical rereleases.
Fathom Entertainment

For the collectors out there, the screenings will also feature limited-edition themed concession items. Fans can purchase popcorn buckets that showcase maps of Middle-earth at AMC locations, while Regal venues and other local cinemas will have buckets with designs of the One Ring. Tickets are already on sale at Fathom's website.

This article originally appeared on Engadget at https://www.engadget.com/entertainment/tv-movies/the-lord-of-the-rings-trilogy-returns-to-theaters-in-january-for-25th-anniversary-202433217.html?src=rss

OpenAI’s head of ChatGPT says posts appearing to show in-app ads are ‘not real or not ads’

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Those might not exactly be ads you're seeing on ChatGPT, at least according to OpenAI. Nick Turley, OpenAI's head of ChatGPT, clarified the confusion around potential ads appearing with the AI chatbot. In a post on X, Turley said "there are no live tests for ads" and that "any screenshots you've seen are either not real or not ads." The OpenAI exec's explanation comes after another post from former xAI employee Benjamin De Kraker on X that has gained traction, which featured a screenshot showing an option to shop at Target within a ChatGPT conversation.

OpenAI's Daniel McAuley responded to the post, arguing that it's not an ad but rather an example of app integration that the company announced in October. However, the company's chief research officer, Mark Chen, also replied on X that they "fell short" in this case, adding that "anything that feels like an ad needs to be handled with care."

"We’ve turned off this kind of suggestion while we improve the model’s precision," Chen wrote on X. "We’re also looking at better controls so you can dial this down or off if you don’t find it helpful."

There's still a lot of uncertainty about whether OpenAI will introduce ads to ChatGPT, but in November, someone discovered code in a beta version of the ChatGPT app on Android that made several mentions of ads. Even in Turley's post debunking the inclusion of live ads, the OpenAI exec added that "if we do pursue ads, we’ll take a thoughtful approach." Turley also posted that "people trust ChatGPT and anything we do will be designed to respect that."

This article originally appeared on Engadget at https://www.engadget.com/ai/openais-head-of-chatgpt-says-posts-appearing-to-show-in-app-ads-are-not-real-or-not-ads-190454584.html?src=rss

X shuts down the European Commission’s ad account the day after major fine

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Just a day after receiving a roughly $140 million fine, X has terminated the ad account of the European Commission. Nikita Bier, X's head of product, accused the European Commission of using an exploit to artificially boost the reach of its post announcing the major fine.

In the post, Bier said that the commission "logged into [their] dormant ad account to take advantage of an exploit in our Ad Composer" and posted "a link that deceives users into thinking it’s a video and to artificially increase its reach." Bier explained in a separate post that the exploit has "never been abused like this" and "is now patched." However, X still revoked the European Commission's ability to buy and track ads on its platform.

While X decided to remove the European Commission's ad account, it still needs to submit specific measures and an action plan to address the concerns associated with the $140 million fine. The European Commission's spokesperson for Tech Sovereignty, Defence, Space and Research, Thomas Regnier, said that this is the first-ever fine under the Digital Services Act. The European legislative body claimed that X has a deceptive system when it comes to verified accounts, lacks transparency with its advertising repository and doesn't provide effective data for researchers. In response, X's owner, Elon Musk, replied to the European Commission's post, calling it "bullshit."

This article originally appeared on Engadget at https://www.engadget.com/social-media/x-shuts-down-the-european-commissions-ad-account-the-day-after-major-fine-173553267.html?src=rss

Judge puts a one-year limit on Google’s contracts for default search placement

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A federal judge has expanded on the remedies decided for the Department of Justice's antitrust case against Google, ruling in favor of putting a one-year limit on the contracts that make Google's search and AI services the default on devices, Bloomberg reports. Judge Amit Mehta's ruling on Friday means Google will have to renegotiate these contacts every year, which would create a fairer playing field for its competitors. The new details come after Mehta ruled in September that Google would not have to sell off Chrome, as the DOJ proposed at the end of 2024. 

This all follows the ruling last fall that Google illegally maintained an internet search monopoly through actions including paying companies such as Apple to make its search engine the default on their devices and making exclusive deals around the distribution of services such as Search, Chrome and Gemini. Mehta's September ruling put an end to these exclusive agreements and stipulates that Google will have to share some of its search data with rivals to "narrow the scale gap" its actions have created. 

This article originally appeared on Engadget at https://www.engadget.com/big-tech/judge-puts-a-one-year-limit-on-googles-contracts-for-default-search-placement-215549614.html?src=rss