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Paramount, Comcast and Netflix submit bids for Warner Bros Discovery, NYT reports

Paramount, Comcast, and Netflix have submitted preliminary bids for Warner Bros Discovery, marking a potential sale of the Hollywood studio. Paramount aims to acquire the entire company, backed by Larry Ellison, while Netflix and Comcast are interested in specific assets like film and TV studios and HBO. Warner Bros Discovery's board rejected a cash offer of nearly $24 per share. The company plans to split into two publicly traded entities, separating studios and streaming from cable networks.

Reuters·
US
WBD
-0.91%
US
NFLX
-3.94%
US
PARA
0.00%
Reuters·
US
WBD
-0.91%
US
NFLX
-3.94%
US
PARA
0.00%

Google steps up AI scam protection in India, but gaps remain

Google is enhancing AI-driven scam protection in India, introducing on-device scam detection for Pixel 9 and screen-sharing alerts for financial apps. Despite efforts, digital fraud remains a challenge, with significant losses reported. Google's initiatives include expanding scam detection to non-Pixel devices, collaborating with financial apps, and running awareness campaigns. However, gaps persist, such as language limitations and the presence of fraudulent apps on the Play Store.

TechCrunch·
US
GOOG
-1.03%
US
GOOGL
-1.15%
US
GGLS
+1.09%
TechCrunch·
US
GOOG
-1.03%
US
GOOGL
-1.15%
US
GGLS
+1.09%

Sony Group Corp. ADR Falls Thursday, Underperforms Market

Sony Group Corp. ADR fell 2.80% to $27.75 on Thursday, underperforming the market during a poor trading session. This marks the ADR's fourth consecutive day of losses, closing 8.54% below its 52-week high. Competitors Sharp Corp., Koninklijke Philips, and Kyocera Corp. also saw declines. Trading volume was higher than the 50-day average.

Dow Jones·
US
SONY
-2.80%
Dow Jones·
US
SONY
-2.80%

News Corp Cl B Stock Underperforms Thursday When Compared To Competitors

News Corp Cl B stock fell 1.34% to $27.98 on Thursday, marking its sixth consecutive day of losses. The stock is 21.36% below its 52-week high of $35.58. In comparison, Alphabet Inc. Cl C and Cl A fell 1.03% and 1.15%, respectively, while Amazon.com Inc. dropped 2.49%. The S&P 500 and Dow Jones also declined, indicating a grim trading session.

Dow Jones·
US
GOOG
-1.03%
US
GOOGL
-1.15%
US
AMZN
-2.49%
Dow Jones·
US
GOOG
-1.03%
US
GOOGL
-1.15%
US
AMZN
-2.49%

Google Pixel 10 Now Lets Users Share Files Directly With Apple Devices

Google Pixel 10 phones can now share files directly with Apple devices using AirDrop, without Apple's involvement. This feature, available on Pixel 10 series, facilitates easy sharing with iPhones, iPads, and Macs. The connection is direct and peer-to-peer, ensuring privacy. Google is open to future cooperation with Apple, marking a step towards better integration between Android and iOS ecosystems.

rttnews·
US
GOOG
-1.03%
US
GOOGL
-1.15%
US
GGLS
+1.09%
rttnews·
US
GOOG
-1.03%
US
GOOGL
-1.15%
US
GGLS
+1.09%