Paramount Skydance wins Warner Bros Discovery bid after Netflix walks away from deal

Paramount Skydance has beaten Netflix to take over Warner Bros Discovery’s storied Hollywood studios and streaming business after the streaming giant refused to increase its bid.The $110bn deal ends a high-stakes bidding war between the two media companies, but the takeover still faces regulatory hurdles and a backlash from critics worried about a rightward tilt in US media.David Ellison, chairman and CEO of Paramount, said: “From the very beginning, our pursuit of Warner Bros Discovery has been guided by a clear purpose: to honor the legacy of two iconic companies while accelerating our vision of building a next-generation media and entertainment company.”In a statement on Thursday evening, the Netflix co-chief executives Ted Sarandos and Greg Peters said: “At the price required to match Paramount Skydance’s latest offer, the deal is no longer financially attractive.”Netflix was given four business days to beat Paramount’s revised offer but quickly decided against doing so

Rachel Reeves ‘to give go-ahead’ for £1bn military helicopter deal

Rachel Reeves is to approve a £1bn deal to build military helicopters in Yeovil, saving about 3,000 manufacturing jobs, according to reports.The chancellor is expected to sign a contract with Leonardo – the Italian owner of the former Westland factory in Yeovil, Somerset – to build the new battlefield helicopters, after months of speculation as to whether the historical site would survive.Workers had feared the company would follow through on threats to close the facility at the end of March if the government failed to place an order for new helicopters in time.Leonardo was the only bidder for the UK’s £1bn “new medium helicopter” contract that was launched in February 2024, after the US aerospace company Lockheed Martin and Europe’s Airbus pulled out.The new aircraft will replace the Royal Air Force’s ageing fleet of Puma helicopters, which had been in service since the 1970s

Instagram to alert parents if teens repeatedly search self-harm terms

Instagram will start alerting parents if their kids repeatedly search for terms clearly associated with suicide or self-harm.The announcement on Thursday comes as Instagram’s parent company, Meta, is in the midst of two trials over harms to children.A trial under way in Los Angeles questions whether Meta’s platforms deliberately addict and harm minors. Another in New Mexico seeks to determine whether Meta failed to protect kids from sexual exploitation on its platforms.The alerts will only go to parents who are enrolled in Instagram’s parental supervision program

Jack Dorsey to cut 4,000 jobs due to AI advances at Square parent Block

Fintech company Block announced that it would be laying off 4,000 of its 10,000 employees because of gains in AI productivity.“Intelligence tools have changed what it means to build and run a company,” Jack Dorsey, Block’s CEO, said in a letter to shareholders on Thursday. “We’re already seeing it internally. A significantly smaller team, using the tools we’re building, can do more and do it better. And intelligence tool capabilities are compounding faster every week

Already on the plane or left at home? How England’s Rugby World Cup squad is shaping up

Steve Borthwick started the Six Nations with a settled group but the journey to Australia 2027 has suddenly become a lot more complicatedNot so long ago, Steve Borthwick’s squad for the 2027 World Cup was taking shape nicely. He picked a largely predictable 36-man group for the Six Nations and the same can be said of his matchday 23 to face Wales in England’s championship opener. Borthwick is a loyal coach who relies heavily on depth charts and the exodus of so many players to France after the last World Cup made a number of difficult decisions for him much easier. Just how tailored his squad is to the 2027 tournament is demonstrated by his refusal to pick the Bordeaux-bound Tom Willis on the basis he will not be available despite being awarded an enhanced contract last summer.Suddenly, on the back of two heavy defeats and shocking performances, things are not nearly as settled

‘I know I can do it again – 100%’: Lando Norris on proving himself against the best in F1

Briton overcame crippling self-doubt to become F1 world champion and is determined not to relinquish his crownLando Norris recalls being rendered speechless with joy when he was given his first contract with McLaren. Sitting in the cramped office of a paddock truck, the confirmation that he had made it to Formula One left him “very smiley for a long time”. Seven years on, he enters the new season having achieved his lifelong ambition of becoming world champion and is wearing an equally irrepressible grin as he sets about defending his title.Claiming the championship after a monumental season-long tussle that went to a thrilling three-way fight at the finale in Abu Dhabi was the defining moment of the 26-year-old’s career and perhaps something of a turning point.“I’m always very much in my own head and very thoughtful about myself,” he says