In addition to the purchase price of $31 per WBD share, Paramount's latest offer also included a provision that it would cover the $2.8 billion termination fee that WBD would owe to Netflix for dissolving the existing merger agreement between the businesses. So rather than paying $82.7 billion to acquire the Warner Bros. part of the operation, it appears Netflix may walk away with no new content but padding its coffers with an extra nearly $3 billion.
On Thursday, Block CEO Jack Dorsey said that the company was laying off 4,000 of its more than 10,000 workers, partly because of AI. The company has developed its own internal AI agent, called Goose, that can be powered by a range of different AI models and plug-in directly to a computer to draw from its files and folders as well as access cloud storage platforms and online databases, Wired reported.
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