La junta directiva de Warner Bros. Discovery rechaza la renovada oferta de adquisición hostil de Paramount

Kraig Pakulski 0 146 Article rating: No rating

Por Brian Stelter y David Goldman, CNN

Una vez más, Warner Bros. Discovery ha elegido a Netflix como su pretendiente preferido frente a Paramount.

La junta directiva de WBD informó este miércoles a los accionistas que la oferta revisada del mes pasado de Paramount todavía no es tan atractiva como el acuerdo existente con Netflix, a pesar de que Paramount dijo que había abordado muchas de las mayores preocupaciones de Warner Bros.

La junta directiva de WBD calificó la oferta de adquisición hostil de Paramount de “inadecuada” y excesivamente arriesgada.

En una carta a los accionistas, la junta directiva vinculó la propuesta de Paramount a una compra apalancada, un proceso financiero que se basa en el uso principalmente de fondos prestados para comprar una empresa.

Paramount es mucho más pequeña que WBD, por lo que “para efectuar la transacción, pretende incurrir en una cantidad extraordinaria de deuda incremental (más de US$ 50.000 millones) a través de acuerdos con múltiples socios financieros”, afirma la carta de WBD.

Esta estructura “plantea un riesgo materialmente mayor para WBD y sus accionistas”, incluida la posibilidad de que todo el plan de adquisición se desmorone, en comparación con la “certeza de la fusión con Netflix”, agregó la carta.

Paramount ha intentado disipar las preocupaciones sobre la financiación señalando que una de las personas más ricas del mundo, el multimillonario de Oracle, Larry Ellison, financia gran parte de la adquisición propuesta.

Su hijo, David Ellison, director ejecutivo de Paramount, desencadenó una guerra de ofertas por WBD el año pasado al presentar una oferta no solicitada por los activos, incluyendo CNN.

Luego, WBD, dirigida por su CEO David Zaslav, realizó un proceso de subasta y aceptó la oferta de Netflix de US$ 27,75 por acción para Warner Bros. y HBO, con US$ 23,25 en efectivo y el resto en acciones de Netflix.

Paramount ofreció US$ 30 por acción y la hizo pública tras ser rechazada por la junta directiva de WBD. Sin embargo, la junta sigue insistiendo en que la propuesta de Paramount es inferior.

Además de las preocupaciones sobre el financiamiento de la deuda y las onerosas condiciones relacionadas con la oferta, WBD ha citado el valor potencial de sus activos de cable, que Netflix no está adquiriendo.

Los canales de cable de WBD, incluyendo CNN, se separarán en una nueva empresa que cotizará en bolsa, Discovery Global, a finales de este año.

La junta directiva de Warner ha argumentado que Discovery Global tendrá un valor significativo por sí sola, mientras que Paramount la ha valorado en tan solo US$ 1 por acción.

Cuando Paramount lanzó por primera vez su oferta de adquisición hostil, WBD la calificó de “ilusoria” y planteó preguntas sobre la financiación, que proviene en gran parte de las familias reales de Arabia Saudita, Qatar y Abu Dhabi.

En respuesta, Paramount declaró el 22 de diciembre que Larry Ellison garantizaría personalmente los US$ 40.400 millones que aportará para financiar la transacción de US$ 78.000 millones.

Los Ellison también se comprometieron a permitir que los accionistas de WBD accedieran a las finanzas de su fideicomiso familiar, y Paramount aumentó la comisión de disolución que pagaría a WBD a US$ 5.800 millones, igualando el pago prometido por Netflix.

Sin embargo, Paramount no aumentó su oferta por encima de US$ 30 en esa propuesta modificada.

Ahora, Paramount tiene que tomar

Warming Wednesday, bright weekend

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Happy Wednesday! Its the middle of the week and a warming trend begins. Low pressure has moved out of the area and high pressure will set up. Expect a picture perfect afternoon with highs rising into the upper 60s and low 70s. Winds may be breezy at time but stronger gusts expected tomorrow. Marine conditions are great for those headed out to wet Wednesday or want to enjoy a nice afternoon of kayaking!

Thursday will have a chilly morning and some frost and freeze alerts may appear. Bundle up when headed out but shed that extra layer off by midday. Highs rise into the 60s and low 70s, back closer to normal. One thing to note, while mostly sunny skies will prevail and temperatures rise a few degrees, winds will be strong. Most areas are underneath a Wind Advisory with high terrain areas underneath a High Wind Warning throughout the evening. Gusts could near 45-60mph so put unsecured items away.

More gusty winds appear Friday into the weekend. As high pressure strengthens, Santa Ana and offshore flow establishes. While theres no risk of fire with these winds, they could produce damage as the soil is weak. Trees may be uprooted, so be aware of your surroundings. Next week appears to be warm and dry as well. More information to come.

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¿Hasta dónde llegará Trump? México ante la amenaza de la injerencia

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Por Valeria León, CNN en Español

Los posibles alcances del presidente Donald Trump en México generan preocupación. Las acusaciones del republicano contra la presidenta Claudia Sheinbaum subieron de tono tras la captura de Nicolás Maduro, en la madrugada del 3 de enero. Trump volvió a arremeter contra la inseguridad en el país vecino y acusó a la mandataria mexicana de tener miedo de enfrentar a los cárteles de la droga.

En uno de los estados más violentos de México, las opiniones sobre una eventual intervención militar de Estados Unidos están divididas. Martín López vive en Culiacán, Sinaloa, una ciudad sumida en una guerra entre dos facciones del Cártel de Sinaloa desde la captura de Ismael “El Mayo” Zambada, en julio de 2024.

“Muy bien que intervenga Estados Unidos en México, porque están muy pesados los cárteles de la droga”, afirmó López.

Cuando se cumplió un año del inicio de los enfrentamientos armados entre los llamados “Mayos” y el grupo de los hijos de Joaquín “El Chapo” Guzmán, conocidos como “Los Chapitos”, tuvo lugar una protesta en Culiacán para exigir un alto a la violencia. En ella podían verse pancartas de manifestantes pidiendo la intervención del gobierno de Estados Unidos, ante lo que muchos consideran una estrategia fallida del gobierno mexicano.

La operación militar de Estados Unidos en Venezuela ha avivado el debate y las críticas sobre el injerencismo en América Latina. Trump volvió a ofrecer su ayuda al gobierno de México para combatir al narcotráfico en territorio extranjero, es decir, en suelo mexicano. Algo que la mandataria ha rechazado en múltiples ocasiones, defendiendo la soberanía del país y priorizando la cooperación con su vecino del norte, pero sin subordinación.

Este martes, por segundo día consecutivo, la presidenta Sheinbaum dedicó gran parte de su conferencia matutina a justificar las acciones que —dijo— sí está realizando su gobierno para contener la violencia, aunque subrayó que “ellos también tienen que hacer su parte”.

Una de las exigencias reiteradas del gobierno de México ha sido el establecimiento de mayores controles al tráfico ilegal de armas provenientes de Estados Unidos, una demanda que también comparten habitantes de las zonas más afectadas.

“Lo que tiene que hacer el presidente de Estados Unidos es detener las armas que están pasando a México, y no lo está haciendo”, dijo José Manuel López, habitante de Culiacán.

Existe una preocupación generalizada y palpable entre mexicanos y mexicanas sobre hasta dónde podría llegar la política injerencista del presidente Trump.

“El imperialismo estadounidense está tratando nuevamente de entrar a otros países, violando su soberanía”, expresó Iván Hernández, regidor del ayuntamiento de Acuitzio, Michoacán.

Los hechos reavivan recuerdos de la denominada Doctrina Monroe, que algunos analistas ahora rebautizan como “Donroe”, en referencia al interés expansionista que ha mostrado el presidente Trump y que quedó de manifiesto con el operativo militar que capturó a Nicolás Maduro.

“No puedes llegar a un país ajeno y arrestar personas, porque eso no es democrático”, criticó Rosario Cuevas, habitante de Jalisco.

El “éxito” de la misión en Venezuela, que logró la detención de Nicolás Maduro, parece haber fortalecido una versión empoderada del presidente Trump en sus ínfulas expansionistas en la región, lo que deja abiertas dudas sobre los alcances que esto podría tener.

Mientras tanto, funcionarios mexicanos, incluida la presidenta Sheinbaum, hacen reiterados llamados a la Organización de las Naciones Unidas (ONU) para que abandone su “letargo burocrático” y trabaje activamente en la co

Warner Bros. Discovery board rejects Paramount’s revamped hostile takeover bid

Kraig Pakulski 0 160 Article rating: No rating

By Brian Stelter, David Goldman, CNN

(CNN) — Once again, Warner Bros. Discovery has chosen Netflix as its preferred suitor over Paramount.

On Wednesday, the WBD board advised shareholders that last month’s revised offer from Paramount is still not as appealing as the existing agreement with Netflix — even though Paramount said it had addressed many of Warner Bros.’ biggest concerns.

The WBD board called Paramount’s hostile takeover offer “inadequate” and overly risky.

In a letter to shareholders, the board linked Paramount’s proposal to a leveraged buyout, a financial process that relies on using mostly borrowed funds to buy a company.

Paramount is much smaller than WBD, so “to effect the transaction, it intends to incur an extraordinary amount of incremental debt — more than $50 billion — through arrangements with multiple financing partners,” the WBD letter stated.

This structure “poses materially more risk for WBD and its shareholders,” including the possibility of the whole takeover plan falling apart, compared with the “certainty of the Netflix merger,” the letter added.

Paramount has sought to alleviate concerns about the financing by pointing to the fact that one of the world’s richest people, Oracle billionaire Larry Ellison, is bankrolling much of the proposed takeover. His son David Ellison, the CEO of Paramount, triggered a bidding war for WBD last year by making an unsolicited bid for the assets, including CNN.

WBD, led by CEO David Zaslav, then ran an auction process and accepted Netflix’s offer of $27.75 per share for Warner Bros. and HBO, with $23.25 in cash and the rest in Netflix stock.

Paramount offered $30 per share and went public with that offer after it was spurned by the WBD board. But the board continues to insist that Paramount’s proposal is inferior.

Along with concerns about debt financing and onerous conditions connected to the offer, WBD has cited the potential value of its cable assets, which Netflix is not acquiring.

WBD’s cable channels, including CNN, are being broken off into a new, publicly traded company called Discovery Global later this year. The Warner board has argued that Discovery Global will have significant value on its own, while Paramount has valued it at just $1 per share.

When Paramount first launched its hostile takeover bid, WBD called the offer “illusory” and raised questions about the financing, which comes in large part from the royal families of Saudi Arabia, Qatar and Abu Dhabi.

In response, Paramount said on December 22 that Larry Ellison would personally guarantee the $40.4 billion he is putting up to bankroll the $78 billion transaction. The Ellisons also committed to let WBD shareholders peer into the finances of their family trust, and Paramount raised the breakup fee it would pay WBD to $5.8 billion, matching Netflix’s promised payment.

However, Paramount didn’t increase its bid above $30 in that amended offer.

Now, Paramount has a decision to make: It can walk away, it can raise the bid, or it can demand a vote from WBD’s shareholders.

The hostile nature of Paramount’s offer means that owners of WBD’s stock could reject the board’s recommendation if the company decides to put matters directly in shareholders’ hands.

The-CNN-Wire
™ & © 2026 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.

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Tourists are discovering a fascinating destination on the edge of Europe — but it’s on a US warning list

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By Elizabeth McBride, CNN

(CNN) — When travelers head to the Pankisi Valley, the warnings often begin before they arrive, usually from the mouth of a concerned taxi driver, unsure they should be driving tourists to this remote destination.

“‘Why are you going there? What are you doing? I don’t know, it’s not safe for you there,’” the drivers say, according to Khatuna Margoshvili, a guesthouse owner in the rugged, beautiful valley.

Pankisi in Georgia, the former Soviet country beyond the eastern fringes of Europe, has long carried a reputation shaped more by headlines than tourism. In the early 2000s, Chechens fleeing Moscow’s war on their homeland used the valley as a refuge. Russia alleged some were former militants.

After the September 11 attacks in 2001, the United States claimed al Qaeda operatives were present in Pankisi and speculated that Osama bin Laden was among them — allegations that were never proven. The stigma deepened in the 2010s, when ISIS recruited dozens of residents from the valley.

Today, it’s a different story, as visitors who do make the journey are discovering. A 2023 report by the US Agency for International Development described Pankisi as “peaceful,” and online searches for Pankisi Valley return listings for horse-riding tours, felt workshops and classes in making khinkali dumplings, rather than reports of Islamic extremism.

And while the US State Department still cautions American citizens against travel to the region, many are still making the trip.

“In the past two, three years, 80% of our guests have come from America,” Margoshvilli says.

Unusual traditions

Tourism in Pankisi is still relatively new, and remains limited compared with more established destinations in Georgia. But interest has grown as accommodations have sprung up and tour operators have begun to include the valley in their itineraries.

Karolina Zygmanowska, a guide with Weekend Travelers Georgia, began organizing tours to Pankisi two years ago.

“People asked for the tour, so we started to run it. The interest started after we heard that a number of guesthouses had opened there,” she says. “They have their own community, their own culture — their food is even a little bit different from other parts of Georgia.”

Most families living in the valley are Kists, descendants of Chechen and Ingush settlers who migrated to Georgia in the 19th century. They speak Chechen, alongside Georgian and sometimes Russian. They follow Sufi and Sunni Muslim traditions in a country that is predominantly Orthodox Christian.

Every Friday, women from across the valley gather at the Old Mosque in the village of Duisi to perform zikr, a rite rooted in Sufi mysticism. Participants move in a circle, chanting, singing and clapping as the pace gradually increases. Pankisi is the only place where women perform zikr, and visitors can ask to observe the ceremony.

Pankisi sits close to Tusheti, a mountainous region already popular with hikers, but tourism in the valley itself is only just taking shape. Over the past decade, community initiatives — many supported by foreign aid — have helped build a small tourism industry from scratch.

For some residents, the motivation to open up to tourists went beyond income. Margoshvilli is a member of the Pankisi Valley Tourism and Development Association (PVTDA), founded in 2018 by a group of women who hoped tourism could help change perceptions of the valley.

Their efforts have drawn international attention. In 2020, Lonely Planet included Pankisi in its guide to Georgia, Armenia and Azerbaijan. That same year, Georgia’s tourism board began promoting the region on its website — just two years after a controversial counterterrorism raid in the valley.

Uncertain times

Locals say unemployment previously played a role in ISIS’ success

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