All posts tagged: Takeover

Nippon Steel secures .7 billion of loans for US Steel takeover

Nippon Steel secures $5.7 billion of loans for US Steel takeover

Published by Sam Flores

TOKYO, March 18 : Nippon Steel has secured loans totalling 900 billion yen ($5.67 billion) from the Japan Bank for International Cooperation (JBIC) and major Japanese private lenders for its acquisition of U.S. Steel, it said in a statement on Wednesday. The lenders include Japan’s three “megabanks” – Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation and Mizuho Bank – as well as Sumitomo Mitsui Trust Bank. ($1 = 158.7600 yen) Source link

Warner Bros looks set for Oscars success – but takeover plans have created uncertainty in Hollywood | Ents & Arts News

Warner Bros looks set for Oscars success – but takeover plans have created uncertainty in Hollywood | Ents & Arts News

Published by Daniella Wilson

One Battle After Another and Sinners are two films set for big wins at the Oscars this weekend – but with the studio behind them potentially facing a huge takeover, industry experts say this is a time of great uncertainty in Hollywood. Warner Brothers has 30 Oscar nominations in total, more than any of its rivals – and mainly thanks to these two films, with period vampire horror Sinners alone picking up a record-breaking 16 nods. But after a century of filmmaking influence, the studio is poised for a takeover so vast it could reshape Hollywood’s structure, power dynamics, and even creative output. Image: Michael B Jordan plays twins Smoke and Stack in Sinners. Pic: Warner Bros The Paramount Skydance deal, struck for an eye-watering $110bn, subject to reviews, would bring together two of the city’s five legacy studios. Many in the industry are now looking to what happens after the Oscars ceremony. “This is a very exciting time for Warner Brothers,” says Brian Welk, senior business reporter for entertainment site IndieWire. “They are most …

Trump says Cuba may face a ‘friendly takeover’ as fuel crisis deepens

Trump says Cuba may face a ‘friendly takeover’ as fuel crisis deepens

Published by Sam Flores

A pedicab drives past a traffic light that is out due to a power cut in Havana on March 4, 2026. Yamil Lage | Afp | Getty Images U.S. President Donald Trump renewed his threat of a “friendly takeover” of Cuba, saying the communist-run Caribbean island is in “deep trouble.” His latest comments come less than a week after he suggested that his administration would turn its sights on Havana after U.S. military operations in Iran ended. The Trump administration has sought to ratchet up the pressure on Cuba since the Jan. 3 military operation to depose Venezuelan President Nicolás Maduro, a long-time ally of Cuba’s government. The U.S. has effectively cut Havana off from Venezuelan oil, called its government “an unusual and extraordinary threat,” and pledged to impose tariffs on any country that supplies it with oil. Speaking at a news conference in Doral, Florida, Trump said on Monday that Secretary of State Marco Rubio was dealing with Cuba’s leadership as the country grapples with a worsening economic crisis. “It may be a friendly …

Paramount’s takeover of Warner Bros Discovery causes shockwaves in Europe

Paramount’s takeover of Warner Bros Discovery causes shockwaves in Europe

Published by Sam Flores

Warner Bros studios, in Burbank, California, February 27, 2026. MARIO TAMA/GETTY IMAGES/AFP Mathematically, the numbers do not add up in Hollywood’s mega-mergers: One plus one never equals two. Ever since Disney acquired 21st Century Fox in 2019, the new group has produced far fewer films than the two studios did separately. That has also meant less diversity. This is precisely the scenario worrying European film professionals since the announcement of Warner Bros Discovery’s acquisition by Paramount Skydance on Friday, February 27, at the expense of Netflix’s offer. Laura Houlgatte, the CEO of the International Union of Cinemas (UNIC), which brings together cinema exhibitors from 39 European countries, did not support either offer. “Our priority,” she said, “is to protect our members. Our concerns remain: Cinemas need diversity and a strong, varied film release schedule, with significant periods of exclusivity for theaters.” For her, “the Fox-Disney merger is a textbook case” and its impact on diminishing the range of films on offer is clear. “Disney released 12 to 15 films per year before the merger, and …

Kennedy Center dealt another blow as National Symphony Orchestra leader quits amid Trump takeover

Kennedy Center dealt another blow as National Symphony Orchestra leader quits amid Trump takeover

Published by Daniella Wilson

Get the latest entertainment news, reviews and star-studded interviews with our Independent Culture email Get the latest entertainment news with our free Culture newsletter Get the latest entertainment news with our free Culture newsletter The Donald Trump-controlled Kennedy Center has lost yet another integral member of its performing arts community: Jean Davidson, the executive director of the National Symphony Orchestra. Davidson, who first assumed the position in April 2023, has said she is stepping down, citing the “current climate.” “It’s no secret that this has been a really hard year,” she told The New York Times. “So I started looking for a new opportunity several months ago.” She said that she “had hoped to stay through the 100th anniversary of the N.S.O. in 2031.” The National Symphony Orchestra was founded in the nation’s capital in 1931 by cellist and conductor Hans Kindler. It has been an artistic affiliate of the Kennedy Center since 1986. Davidson’s decision comes more than a month after Trump announced plans to close the performing arts center in Washington, D.C., beginning …

Trump raises the possibility of a ‘friendly takeover of Cuba’

Trump raises the possibility of a ‘friendly takeover of Cuba’

Published by Sam Flores

President Donald Trump said Friday that the U.S. is in talks with Havana and raised the possibility of a “friendly takeover of Cuba” without offering any details on what he meant. Speaking to reporters outside the White House as he left for a trip to Texas, Trump said Secretary of State Marco Rubio was in discussions with Cuban leaders “at a very high level.” Keywords for this article Source link

‘Shaken’ CNN staffers say they fear what Paramount takeover would mean for newsroom

‘Shaken’ CNN staffers say they fear what Paramount takeover would mean for newsroom

Published by Sam Flores

CNN employees reacted with alarm after Netflix abruptly pulled out of the bidding war for Warner Bros. Discovery, effectively clearing the way for a takeover of the 24/7 cable channel by Paramount Skydance, the media giant run by technology heir David Ellison. Seven current CNN employees who spoke to NBC News on Thursday night, hours after Netflix announced it would not try to match Paramount’s bid for WBD, expressed a combination of fear and concern. They described the mood inside the company as “shaken” and” depressing.” Paramount’s offer, formally signed into an agreement by WBD’s board Friday afternoon, still needs to go through Justice Department regulators. Democratic politicians and California’s attorney general have said they will also be looking closely at the deal. But if it is approved, Ellison — the son of Oracle technology mogul Larry Ellison, a close ally of President Donald Trump — stands to control two of the key pillars of the traditional news media: CNN and CBS News, home of “60 Minutes.” One CNN journalist who regularly appears on air …

Trump suggests a ‘friendly takeover’ of Cuba

Trump suggests a ‘friendly takeover’ of Cuba

Published by Sam Flores

President Donald Trump on February 27, 2026 in Corpus Christi, Texas. ROBERTO SCHMIDT / AFP President Donald Trump on Friday, February 27 suggested a “friendly takeover” of communist-led Cuba, with tensions high between Washington and Havana in the wake of the US toppling of Venezuelan strongman Nicolas Maduro. The Trump administration has imposed a strict oil embargo on Cuba since ousting Havana’s key regional backer, bringing the island nation to the brink of economic collapse. “They have no money, they have no anything right now. But they’re talking with us and maybe we’ll have a friendly takeover of Cuba,” Trump told reporters as he departed the White House on Friday. “The Cuban government is talking with us, and they’re in a big deal of trouble,” he said. Cuba has been under a US trade embargo since shortly after Fidel Castro’s 1959 revolution. Relations thawed in recent years but have plunged again since Trump took office for his second term, with the US president seeking to tighten Washington’s grip on Latin America. Read more Subscribers only …

Lyten completes takeover of Northvolt battery sites in Sweden

Lyten completes takeover of Northvolt battery sites in Sweden

Published by skeptic

Photo: Lyten Lyten, a lithium-sulfur battery maker based in San Jose, California, has officially completed its acquisition of Northvolt Ett and Ett Expansion in Skellefteå, Sweden, as well as Northvolt Labs in Västerås. The deal gives Lyten 16 gigawatt-hours (GWh) of existing battery manufacturing capacity, more than 160 hectares (395 acres) of land, and the buildings and infrastructure to expand further. It also includes what Lyten says is the largest and most advanced battery research and development center in Europe. A new industrial hub in northern Sweden Lyten is forming what it calls the “Lyten Industrial Hub” at the Northvolt Ett site in Skellefteå. The idea is to use Northvolt’s existing infrastructure, along with the region’s abundant clean hydropower, to co-locate battery manufacturing, AI data centers, and other strategically important industrial operations in Sweden and the European Union. Lyten plans to use its own batteries and energy storage systems as part of the hub’s infrastructure. Advertisement – scroll for more content As part of that plan, EdgeConneX, a global data center developer owned by EQT, …

Trump: “Maybe We’ll Have A Friendly Takeover Of Cuba”

Trump: “Maybe We’ll Have A Friendly Takeover Of Cuba”

Published by Jenni Sidey

President Trump told reporters on Friday afternoon that the U.S. could pursue a “friendly takeover” of Cuba, a comment from the president that comes as his administration moves to secure the Western Hemisphere and intensifies pressure on the communist regime in Havana through a crude-oil blockade. “The Cuban government is talking with us. They’re in a big deal of trouble, as you know. They have no money, no anything right now, but they’re talking with us, Trump told reporters on the White House lawn. “Maybe we’ll have a friendly takeover of Cuba. Trump repeated, “We could very well end up having a friendly takeover of Cuba.” He continued, “After many, many years, we have had a lot of years of dealing with Cuba. I’ve been hearing about Cuba since I was a little boy. But they’re in big trouble. And something very well – and something positive could happen.” NEW: President Trump hints at a “friendly takeover” of Cuba: “The Cuban government is talking with us. They’re in a big deal of trouble, as you …