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Warner Bros Shareholders Approve Paramount's $81 Billion Takeover

6 days 8 hours ago
Warner Bros. Discovery shareholders have approved Paramount Skydance's takeover bid, moving the massive Hollywood merger a step closer to completion. It's not a done deal quite yet, though, as it still faces regulatory scrutiny and fierce opposition from critics who warn it will further concentrate media power. The Associated Press reports: Per a preliminary vote count Thursday, Warner Bros. Discovery said the overwhelming majority of its stakeholders voted in support of selling the entire business to Skydance-owned Paramount for $31 a share. Including debt, the deal is valued at nearly $111 billion based on Warner's current outstanding shares. That means Warner-owned HBO Max, cult-favorite titles like "Harry Potter" and even CNN could soon find themselves under the same roof with Paramount's CBS, "Top Gun" and the Paramount+ streaming service. David Zaslav, CEO of Warner Bros. Discovery, said in a statement that stockholder approval marks "another key milestone toward completing this historic transaction." Paramount added that it looks forward to closing in the coming months, and "realizing the creation of a next-generation media and entertainment company." [...] Meanwhile, Warner shareholders rejected a separate measure Thursday outlining post-merger payments for company executives.

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OpenAI Says Its New GPT-5.5 Model Is More Efficient and Better At Coding

6 days 9 hours ago
OpenAI released its new GPT-5.5 model today, which the company calls its "smartest and most intuitive to use model yet, and the next step toward a new way of getting work done on a computer." The Verge reports: OpenAI just released GPT-5.4 last month, but says that the new GPT-5.5 "excels" at tasks like writing and debugging code, doing research online, making spreadsheets and documents, and doing that work across different tools. "Instead of carefully managing every step, you can give GPT-5.5 a messy, multi-part task and trust it to plan, use tools, check its work, navigate through ambiguity, and keep going," according to OpenAI. The company also notes that GPT-5.5 will have its "strongest set of safeguards to date" and can use "significantly fewer" tokens to complete tasks in Codex. GPT-5.5 is rolling out on Thursday for Plus, Pro, Business, and Enterprise ChatGPT tiers and Codex, with GPT-5.5 Pro coming to Pro, Business, and Enterprise users.

Read more of this story at Slashdot.

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