business

The streaming company has entered into a $5 billion senior unsecured revolving credit facility and two senior unsecured delayed-draw term loan facilities totaling $20 billion. Source link

Warner earlier recommended that shareholders reject Paramount’s $30-per-share bid for all of the company. Source link

After multiple rejections over the years, Cintas is offering a $350 million payment if the deal is rejected to sweeten the pot. Source link

Cinema owners fear that Netflix or Paramount acquiring Warner could reduce the number of theatrical releases or speed the time to streaming platforms. Source link

Cosmetics giant Coty appointed Markus Strobel as interim chief executive and board chair, effective Jan. 1. Source link

A turnaround at the athletic apparel company will take more than just management chops. Source link

The deal marks a strategic entry into the Gulf of Mexico for the oil-and-gas producer. Source link

Baidu’s Apollo Go will begin robotaxi trials in the U.K. with Uber and with Lyft in 2026. Source link

News organization says the segment about El Salvador prison where Trump administration sent deportees needed additional reporting. Source link

Robotics guru Sterling Anderson is now one of General Motors’ top executives—and shaking up the ranks. Source link