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CNBC: Paramount launches a hostile bid to acquire WBD, offering WBD shareholders $30/share in a $108.4B all-cash deal; sources say WBD rejected the same bid last week -
Ben Thompson / Stratechery: Netflix changed movie distribution, and its executives now think that licensing shows leaves money on the table; YouTube may help Netflix's WBD antitrust case -
Bloomberg: President Trump says Netflix's WBD deal has “got to go through a process”, its big market share “could be a problem”, and he will be involved in the decision -
Lucas Shaw / Bloomberg: Sources: Ted Sarandos met with Trump in November, arguing that Netflix wasn't a monopoly; Sarandos agreed with Trump that WBD should sell to the highest bidder -
Bloomberg: President Trump says he will sign “a ONE RULE” EO on AI “this week” and “you can't expect a company to get 50 Approvals every time they want to do something” -
James Hunt / The Block: Michael Saylor's Strategy acquired 10,624 bitcoin for $962.7M between December 1 and 7, its largest purchase since July; its stock is down ~40% in 2025 — Partner offers -
Barbara Moens / Financial Times: The European Commission says Meta agreed to change its “pay or consent” model, including ad-light Instagram and Facebook versions, but “the case is not closed” -
Lauren Thomas / Wall Street Journal: IBM agrees to acquire data streaming software maker Confluent for ~$11B in cash, above its ~$8B market value as of its December 5 close, paying $31 per share -
Financial Times: Big Tech's AI data center plans, which are set to need an estimated 44GW of additional capacity by 2028, face a power crunch that could deflate the AI “bubble” -
Ellen Gamerman / Wall Street Journal: Inside Particle6's creation of AI actress Tilly Norwood, which included 2,000 iterations; Particle6 says it has signed ~60 NDAs for projects involving Tilly -
Shirin Ghaffary / Bloomberg: An OpenAI survey of 9,000 workers at 100 companies: it saves workers ~40 to 60 minutes per day on average for professional tasks; OpenAI has 1M business clients -
Alex Dooler / Bloomberg: Binance receives three licenses from Abu Dhabi's financial regulator, allowing comprehensive operations across its exchange, clearing, and brokerage arms -
New! Bobby Allyn / NPR: ICEBlock's developer sues the Trump administration in federal court for First Amendment violations after Apple removed its app following White House pressure -
17 minutes ago Rachel Metz / Bloomberg: Unconventional AI raised a $475M seed led by a16z and Lightspeed at a $4.5B valuation to build a more energy-efficient AI computer, part of an up to $1B round -
Rohan Doshi / The Keyword: Google says Gemini 3 Pro sets new vision AI benchmark records, including in complex visual reasoning, beating Claude Opus 4.5 and GPT-5.1 in some categories