discovery

Paramount calls $30-per-share for Warner Bros. Discovery ‘superior’

Jan. 8 (UPI) — Officials for the Paramount Skydance Corp. said Thursday their offer of $30 per share to buy Warner Bros. Discovery is “superior” to a competing offer from Netflix.

The Paramount officials made the claim in response to a formal rejection of its offer by WBD officials earlier this week.

“Paramount’s offer is superior to WBD’s existing agreement with Netflix and represents the best path forward for WBD shareholders,” Paramount said in a news release.

“Netflix’s transaction, on the other hand, contains multiple uncertain components and has already decreased in total value,” Paramount said.

“When announced in December, the Netflix transaction offered WBD shareholders $23.25 in cash, $4.50 in Netflix stock and a share in the pending spin-off of Discovery Global,” Paramount added.

“Today, Netflix’s stock price is trading well beneath the low end of its collar, reducing the value offered to WBD shareholders.”

Paramount’s offer includes a guarantee from Larry Ellison, who is the majority shareholder of Paramount’s parent corporation, National Amusements Inc.

WBD officials say the Netflix offer would benefit shareholders the most, CNN reported, but Paramount Skydance might up its offer.

WBD on Wednesday said the Paramount Skydance offer is “inadequate” and “poses materially more risk for WBD and its shareholder” if that offer were to fall through, while the Netflix offer is more certain.

Paramount Skydance Chief Executive Officer David Ellison countered WBD’s comment, saying “our offer clearly provides WDB investors greater value and a more certain, expedited path to completion.”

Paramount and Netflix officials are embroiled in a de facto bidding war for WBD and HBO, which earlier accepted an initial offer from Netflix before Paramount Skydance made its competing offer.

As the impasse continues, Paramount Skydance officials are offering WBD shareholders $30 per share if they reject the WBD board of directors’ advice to stick with the Netflix offer.

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‘I made a grim discovery at a hotel – now I always check one thing’

From finding pants on the floor to a blood-stained sheet on the bed, there’s a lot that can go wrong when staying in a hotel – but there’s one thing I always check before using

The hospitality sector is known for its gruelling demands, with long hours and erratic shift patterns, making anyone in the industry a true unsung hero in my book. It’s a tough gig, with intense time constraints, so it’s hardly surprising that occasionally things can get overlooked when it comes to preparing hundreds of rooms before the 3pm check-in on a busy Friday night.

I’ve discovered everything from discarded underwear on the floor, a half-drunk bottle of water in the fridge, a dirty dressing gown and a blood-stained sheet after checking into my supposedly clean hotel room at various hotels. While these areas are easy to spot at a glance, there’s one thing I always meticulously inspect and clean whenever I enter a hotel room – the glassware.

Most of us have checked into a hotel room to find a complimentary tea and coffee setup waiting for us. However, during my time working in the hospitality industry, I’ve discovered that not all hotels thoroughly clean their mugs before the next guest arrives, which is rather revolting.

On several occasions, I’ve seen housekeepers simply rinse the mugs in the bathroom sink, give them a quick wipe with a cloth, and then place them back on the table ready for the next guest. While this might remove any leftover coffee or tea residue, it doesn’t quite suffice for properly cleaning a mug that’s used repeatedly by guests.

This applies to the water glasses perched on the sink or bedside table, too – a quick rinse and Bob’s your uncle! Now, I’m not suggesting that every hotel is guilty of this, but based on my own experiences, I tend to be a bit sceptical.

So, with every hotel check-in, I now make it a point to inspect the glassware and give it a good rinse with boiling water from the kettle as a precautionary measure, and a dab of hand soap doesn’t hurt either. After all, I don’t want to be that guest who insists on a fresh mug and glass just in case they haven’t been properly cleaned; a simple DIY sterilisation is enough to set my mind at ease.

But I do empathise with the housekeepers. They have a lengthy checklist of cleaning tasks ranging from changing the bed linen, deep cleaning the bathrooms, hoovering the floor, replacing robes and slippers, wiping down glass and windows, restocking the mini fridge, to meticulously folding countless towels.

Sometimes they barely have a moment to catch their breath, let alone dash down to the kitchen, load the dishwasher and replenish a tray of glasses for each room. They typically have a 3pm deadline for every room, and staff shortages only add to the pressure.

In the past, ABC News conducted an undercover investigation that revealed that housekeeping at 11 out of 15 hotels didn’t replace the glassware when tidying the rooms. Instead, they were simply rinsed in the sink and wiped down with a cleaning cloth or sponge.

To circumvent this hygiene issue, some hotels opt for plastic-wrapped cups, while others insist on their rigorous glassware cleaning practices. However, even if the glass or mug seems spotless and clean, it’s not always easy to be sure.

The next time you settle into a hotel room, consider giving your mug a quick rinse with boiled water as a precautionary measure. If you’re particularly concerned, bring along your own reusable water bottle and request a fresh mug from the hotel bar, because let’s face it, no one fancies pondering over someone else’s lips whilst enjoying their morning brew.

Do you have a travel story to share? Email webtravel@reachplc.com

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Paramount assures Larry Ellison backing to Warber Bros. Discovery hostile bid

Dec. 22 (UPI) — Paramount Skydance amended its hostile bid to take over Warner Bros. Discovery, guaranteeing the backing of Larry Ellison.

“Larry Ellison has agreed to provide an irrevocable personal guarantee of $40.4 billion of the equity financing for the offer and any damages claims against Paramount,” the company said in a press release. Ellison also agreed not to revoke the Ellison family trust or adversely transfer its assets during the pendency of the transaction.

Last week, WBD urged its shareholders not to accept Paramount’s bid, saying it wasn’t backed by billionaire Larry Ellison, father of Paramount’s CEO.

WBD agreed to sell to Netflix but Paramount, which had been in a bidding war with Netflix, mounted a hostile bid.

Paramount didn’t raise its bid of $30 a share, saying it believes the bid is superior. But it did raise its proposed reverse breakup fee to match Netflix’s offer.

“What we’ve done in this amended filing is we’ve cleared the brush of obfuscation around the offer,” said Gerry Cardinale, founder and managing partner of RedBird Capital Partners, on CNBC’s Squawk Box on Monday.

RedBird is an investor in Paramount Skydance and has committed to financing the proposed purchase.

Cardinale said the bid is backed by 1.2 billion Oracle shares in an irrevocable trust.

“Like we’ve done through the six bids that we’ve made, we are being responsive to what their concerns are,” Cardinale said.

Warner Bros. Discovery shares jumped 4% in early trading Monday, while Paramount shares rose almost 6%, CNBC reported. Netflix shares dipped slightly.

“Paramount has repeatedly demonstrated its commitment to acquiring WBD. Our $30 per share, fully financed all-cash offer was on Dec. 4, and continues to be, the superior option to maximize value for WBD shareholders,” David Ellison said in a statement. “Because of our commitment to investment and growth, our acquisition will be superior for all WBD stakeholders, as a catalyst for greater content production, greater theatrical output, and more consumer choice. We expect the board of directors of WBD to take the necessary steps to secure this value-enhancing transaction and preserve and strengthen an iconic Hollywood treasure for the future.”

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This Morning guest ‘violated’ after ‘horrendous’ discovery on Richard and Judy’s show

The former This Morning guest shared how Richard Madeley and Judy Finnigan treated her off-camera, following a “disastrous” moment on the show

A former This Morning guest has revealed how her appearance on the show ended in disaster. Hosted by Richard Madeley and Judy Finnigan at the time, podcast host Louise Boyce said she was invited onto the show as a teenager for a live haircut, though was mortified by the outcome.

Joined by Richard and Judy’s daughter Chloe Madeley on her podcast, she told her: “Your mum and dad, it [This Morning] was the first TV show that I went on when I was 15. And, I really want to find the footage, it must be in the archives somewhere, but I went on there to have my haircut, a live haircut.

“I was 15 years old, I was still at school and very aware of how I looked and the haircut was disastrous.”

Recalling her immediate reaction, she said she instantly knew it was “horrendous” but politely told the hairdresser she “really liked it” with a shaky voice.

“But, your mum and dad were so kind to me because they must’ve seen or felt that I was just like, ‘I hate what you’ve just [done to me’]’,” she continued on the No Parental Guidance podcast.

“‘You have just violated my hair live on TV, my first ever TV [experience]’. And they were so, your mum and dad, even off-camera they were like, ‘Hair grows, it’s okay’.”

In response, Chloe gushed: “I can’t say it enough how kind he is and how fair of a man he is and how unbelievably good his values and [morals] are. I get really angry when people go for him because I’m like, ‘You don’t know how good this person is’.”

The fitness guru continued by revealing she’d also picked up valuable lessons from her mum, especially regarding being “a calm” and “well adjusted” parent.

Richard and Judy presented the ITV programme from 1998 to 2001. When previously asked about their decision to leave the show, they said it felt like the right moment to move on and explore new ventures.

The duo went on to front their own programme, Richard and Judy, which was broadcast during early evening slots on Channel 4.

Richard remains a familiar presence on ITV as a presenter on Good Morning Britain, while Judy has stepped away from the public eye.

The former broadcaster was most recently spotted on television during their daughter’s ITV documentary, Chloe Madeley: A Family Affair.

However, after running for just one series, it didn’t return following Chloe’s split from rugby player James Haskell.

The pair, who are parents to two-year-old daughter Bodhi, announced their separation in 2023 after five years of marriage.

During her recent podcast chat, Chloe revealed that the former couple are still navigating a “stressful” divorce.

Providing an insight into her love life situation, she said she’s content with being single after having a disliking her experience on dating apps.

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