- Call of Duty Pulls the Plug on Consecutive Modern Warfare, Black Ops Releases PCMag
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Call of Duty Pulls the Plug on Consecutive Modern Warfare, Black Ops Releases – PCMag
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Beijing 2022 athletes first to get access to Olympic Games footage
Phase One: who can apply?
As part of the pilot phase, Olympians who competed at Beijing 2022 can apply for footage as of 6 January 2026 via Athlete365. They will receive a 60-second clip in three formats, featuring competition highlights and,…
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Asunción Paraguay; Bangkok, Thailand; and Santiago, Chile invited into a Targeted Dialogue for the Youth Olympic Games in 2030
The YOG Working Group will continue to study the potential and relevance of future editions of the YOG to benefit young athletes and the entire sports movement, in consultation with stakeholders such as the International Federations (IFs), the…
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‘I’m a human, not an angel’: Nida Yasir says sorry after delivery-rider controversy
Popular morning show host Nida Yasir has issued an apology after facing backlash for comments she made about food-delivery riders. Reflecting on her controversial remarks, she acknowledged that she is “a human, not an angel,” and sometimes…
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Chinese scientists use allergy-like immune response for cancer therapy -Xinhua
HANGZHOU, Dec. 10 (Xinhua) — Chinese scientists have harnessed one of the human body’s fastest and strongest immune responses to develop a potential new weapon to fight cancer, according to a study published in Cell on Wednesday.
The…
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Cryptographers Show That AI Protections Will Always Have Holes
A practical illustration of how to exploit this gap came in a paper posted in October. The researchers had been thinking about ways to sneak a malicious prompt past the filter by hiding the prompt in a puzzle. In theory, if they came up with…
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Study spots fluffy ice grains that float and swirl inside cold plasma
Researchers in the US have just discovered a new behavior in plasmas after recreating the bizarre conditions seen in deep space, where icy dust, electrified gas, and freezing temperatures collide.
In the lab, the team of scientists at the…
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Paramount’s hostile takeover bid is one of the largest
Paramount and Netflix are in a vicious tug-of-war over Warner Bros. Discovery.
On one side of the rope: the suitor WBD’s board signed off on, Netflix, which announced a $72 billion deal last week. On the other side, the suitor the board turned down, Paramount, which is resorting to a tactic known as a hostile takeover.
A hostile takeover occurs when a company attempts to acquire another by going around the takeover target’s management and making an appeal directly to shareholders.
While friendly, mutually agreed upon acquisitions between two companies tend to have a higher success rate, hostile takeover bids, though riskier and often costly, can prove successful, too.
If Paramount’s $30-per-share, all-cash bid worth $108 billion (including debt) for complete ownership of WBD succeeds, it’ll be the fourth-largest hostile takeover to be completed over the past 20 years, according to data Dealogic shared with CNN. And oftentimes the initial hostile takeover bid a company announces goes even higher.
As it stands, though, here are the top five largest hostile takeover bids that have succeeded. All figures exclude debt:
In 1999, UK-based telecom company Vodafone Airtouch (now Vodafone Group) first presented the board of German telecom company Mannesmann with an all-stock acquisition, which Mannesmann’s board rejected.
Vodafone proceeded with a hostile takeover bid to buy Mannesmann shares that was finalized in 2000 and valued at $171 billion.
Anheuser-Busch, the victim of a successful hostile takeover bid by InBev, formed a company that later became known as Anheuser-Busch InBev. That company then launched a hostile takeover bid for SABMiller in 2015 after it failed repeatedly at friendly takeover attempts. The negotiated deal settled at $122 billion in 2016.
Pfizer succeeded with its hostile takeover bid of Warner-Lambert, a pharmaceutical company known for making the cholesterol-lowering drug Lipitor, in 2000. The all-stock deal closed at $110 billion that year.
ABN Amro by Royal Bank of Scotland Group
Royal Bank of Scotland, seeking to prevent a friendly takeover of Dutch bank ABN Amro by Barclays, got two other banks to collectively make a hostile bid that would divide ABM among all three. It was eventually finalized in 2007 in a deal valued at $96 billion. The deal, however, helped contribute to RBS’ demise.
Sanofi-Synthelabo’s surprise hostile takeover bid of Aventis, a Franco-German pharmaceutical company, was valued at $73 billion in 2004.
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WTA Tour and Mercedes-Benz sign potentially largest partnership deal in women’s sport
The Women’s Tennis Association has announced a long-term partnership with Mercedes-Benz which has the potential to be the largest in women’s sport.
The German car manufacturer will become the premier partner of the WTA and pour $50m (£37.5m) per…
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