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Paramount Skydance is preparing a bid for Warner Bros. Discovery, sources say

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Paramount Skydance is preparing a bid for Warner Bros. Discovery, sources say


Paramount Skydance is working with an investment bank as it prepares an offer for Warner Bros. Discovery, according to people familiar with the matter.

Warner Bros. Discovery had yet to receive an offer as of Thursday, according to people familiar with the matter, who spoke on the condition of anonymity to discuss nonpublic dealings. A bid could come as early as next week, CNBC’s David Faber reported Thursday.

Shares of Warner Bros. Discovery closed Thursday at $16.15, or up more than 28% — the stock’s best day ever. The company’s stock rose after the initial report from the the Wall Street Journal that the recently merged Paramount Skydance was preparing a takeover bid.

Representatives for Paramount and Warner Bros. Discovery declined to comment.

Shares of Paramount Skydance closed up about 15%.

Warner Bros. Discovery recently announced plans to separate its global TV networks business from its streaming business and studios. The Journal reported Thursday the Paramount Skydance bid would be an all-cash offer for the entirety of WBD.

Earlier this week, WBD CEO David Zaslav said at an investor conference that the planned separation would likely be completed by April. The streaming and studio assets would be renamed Warner Bros., while the global TV networks business — which will own a suite of pay TV networks including TNT and CNN — will be Discovery Global.

While WBD executives said in June that each company would be “free and clear” to do deals following the split, a bid before the separation would have to be for the entire company, one of the people said.

Media moves

David Ellison, CEO of Skydance Media attends the 81st Annual Golden Globe Awards at The Beverly Hilton on Jan. 7, 2024 in Beverly Hills, California.

Kevin Winter | The Hollywood Reporter | Getty Images

The media industry has been navigating a transformation as streaming has upended the pay TV bundle, a longtime cash cow for TV and entertainment companies.

A merger between Paramount Skydance and Warner Bros. Discovery would create a media behemoth with a huge portfolio of pay TV networks, a sprawling range of sports rights and two major film studios.

Paramount Skydance owns broadcast network CBS, as well as pay TV networks like BET, MTV and Nickelodeon, and streaming service Paramount+. Its film studio is known for movies like “The Godfather,” “Top Gun,” and “Forrest Gump.”

With the exception of a broadcast TV network, WBD has similar assets — a result of its own merger in 2022 between WarnerMedia and Discovery. The company owns networks like CNN and TNT, as well as HBO and streaming service HBO Max. Its Warner Bros. film studio also has a historic track record, and owns the intellectual property to franchises like “Harry Potter,” DC Comics and “The Lord of the Rings.”

Both companies have a long list of major sports rights, too, the marquee content for all traditional TV and streaming platforms. A merger would put the likes of the NFL, MLB, an array of college football and basketball, and other major sports under one roof.

Media executives and experts have expected consolidation could be coming to the industry.

Zaslav has said publicly for some time that media companies need to consolidate. During an earnings call in November, shortly after Donald Trump was elected as president, Zaslav said a new administration could usher in more dealmaking.

However, in recent months, some media companies have moved toward separation. Late last year, Comcast announced that its NBCUniversal would spin off its pay TV networks, which includes CNBC and MSNBC, into a separate, publicly traded entity. Months later, WBD announced it would make the same move.

Paramount Skydance is the result of an $8 billion merger that was announced last year and received regulatory approval in August to move forward after a lengthy delay.

The Federal Communications Commission cleared the way for the merger weeks after Paramount agreed to pay $16 million to Trump to settle a lawsuit he filed against the company over the editing of an interview on CBS’s “60 Minutes” with former Vice President Kamala Harris.

At the time of deal’s approval, FCC Chairman Brendan Carr said in a statement that he welcomed “Skydance’s commitment to make significant changes at the once storied CBS broadcast network.”

The company is looking to cut more than $2 billion in costs, and layoffs are expected to continue. Last week, Paramount SKydance sent a memo to its employees saying they were expected to return to the office five days a week in the new year, or seek a buyout.

A lot has changed since the merger, which was backed by RedBird Capital Partners. The company has done a slew of deals under the leadership of David Ellison, son of Oracle founder and multibillionaire Larry Ellison, including acquiring the U.S. rights to TKO Group’s UFC for seven years, beginning in 2026.

On Wednesday, Larry Ellison became more than $100 billion richer after software company Oracle issued growth projections that dramatically lifted the company’s stock.

Disclosure: Comcast is the parent company of NBCUniversal and CNBC.



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IRCTC Down? Tatkal Ticket Users Complain Of Repeated ‘Error’ Messages On App; Netizens React; How to Book Train Tickets Online

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IRCTC Down? Tatkal Ticket Users Complain Of Repeated ‘Error’ Messages On App; Netizens React; How to Book Train Tickets Online


IRCTC Tatkal Train Tickets: IRCTC’s Tatkal ticket booking service came under fire from netizens on Tuesday, with several users taking to social media to report repeated ‘Error’ messages on the app and website during peak booking hours. Many users said they were unable to secure Tatkal tickets despite multiple attempts, alleging that the system failed at critical stages of the booking process. The complaints emerged even as no major outage was officially reported by IRCTC.

IRCTC Down: Downdetector Shows 68% Outage

The online platform Downdetector recorded a spike in complaints, with 68% of users reporting issues with the IRCTC website. The outage reports mainly came from major metro cities such as Delhi, Mumbai, Bengaluru and Kolkata. Meanwhile, 31% of users said they faced problems with the mobile app.

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IRCTC: OTP For Tatkal Train Tickets

Indian Railways is set to make one-time passwords (OTPs) mandatory for booking Tatkal train tickets from railway reservation counters, a move that officials said aims to curb the misuse of the last-minute ticket booking facility. Passengers will have to provide a one-time password, received on their mobile phones, to book Tatkal train tickets from railway reservation counters. 



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Gold Prices Hit All‑Time High Of Rs 1,38,381 Per 10 Grams

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Gold Prices Hit All‑Time High Of Rs 1,38,381 Per 10 Grams


New Delhi: The rates of gold and silver surged by over 1 per cent to hit fresh record highs on Tuesday, driven by safe-haven demand, notably due to escalating US-Venezuela tensions. 

MCX gold February futures rose 1.2 per cent to an all‑time high of Rs 1,38,381 per 10 grams and were up 1.01 per cent as of 10.48 am.

MCX silver surged 1.7 per cent to a record high of Rs 2,16,596 per kilogram and was up 1.30 per cent as of 10.48 am. The dollar index had declined 0.20 per cent during the session, making gold cheaper in overseas currencies.

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Heightened geopolitical uncertainty, notably escalating US‑Venezuela tensions, has underpinned the rally, analysts said.

The US Coast Guard this month seized a super tanker under sanctions carrying Venezuelan oil and tried to intercept two more Venezuela‑related ships over the weekend, heightening tensions, according to multiple reports.

“Safe haven bidding is featured to start a holiday‑shortened trading week, amid heightened geopolitical tensions,” Rahul Kalantri, VP Commodities, Mehta Equities Ltd, said.

Intensifying US-Venezuela tensions and the killing of a Russian army general in a bomb attack on Monday increased geopolitical risk and supported gold and silver, Kalantri said.

Both precious metals also gained after cooling-off US inflation and no bigger surprise from the Bank of Japan policy meetings last week, he added.

Gold has support at the Rs 1,35,550-1,34,710 zone, while resistance is at the Rs 1,37,650-1,38,470 levels.

Silver has support at Rs 2,11,150-2,10,280 zone while resistance is at Rs 2,13,810, 2,14,970 levels, the analyst said.

Aggressive central bank buying, expectations of US Fed rate cuts, concerns over the impact of US tariffs, geopolitical tensions, and robust inflows into gold and silver ETFs drove the gold and silver prices this year.

Domestic spot gold prices have surged 76 per cent year‑to‑date and international gold prices almost 70 per cent in 2025, on track for their strongest annual performance since 1979.

Both domestic and international prices of silver have gained about 140 per cent YTD.



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Can Income Tax Department Access Your Social Media, Emails, Other Digital Platforms From 1 April 2026? Heres All You Want To Know

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Can Income Tax Department Access Your Social Media, Emails, Other Digital Platforms From 1 April 2026? Heres All You Want To Know


New Delhi: A social media post is going viral that claims, from 1st April 2026, the Income Tax Department will have the authority to access your social media, emails, and other digital platforms to curb tax evasion.

A post is being circulated by an X handle IndianTechGuide. Fact-checking agency PIB has refuted the social media claim. PIB has stated that the claim being made in this post is misleading.

Can Income Tax Department Access Your Social Media, Emails, Other Digital Platforms?

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PIB further explained, the provisions of section 247 of the Income Tax Act 2025 are strictly limited to Search and Survey operations. Unless a taxpayer is undergoing a formal search operation due to evidence of significant tax evasion, the department has no power to access their private digital spaces. 

It added, the powers cannot be used for routine information gathering/processing, or even for cases under scrutiny assessment. These measures are specifically designed to target black money and large-scale evasion during search and survey, not the everyday law-abiding citizen

PIB said that the power to seize documents and evidence during search and survey operations has existed since the 1961 Act.

How to get messages fact-checked by PIB

If you get any such suspicious message, you can always know its authenticity and check if the news is for real or it is a fake news. For that, you need to send the message to https://factcheck.pib.gov.in. Alternatively you can send a WhatsApp message to +918799711259 for fact check. You can also send your message to pibfactcheck@gmail.com. The fact check information is also available on https://pib.gov.in.





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