TECH NEWS

The WGA Is Also Suing To Block Paramount-Warner Bros. Discovery Merger

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It seems some people take issue with one billionaire family overseeing a third of the US’ entertainment media.

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The Writers Guild of America East and Writers Guild of America West have combined forces for an antitrust lawsuit against Paramount Skydance's takeover of Warner Bros. Discovery. Their case claims that the deal violates US antitrust laws as well as creating specific business harms to writers.

The writers' unions complaint raises concerns that "the merged Paramount-Warner Bros. entity would have both the incentive and the ability to lower costs by suppressing writers' wages and reducing output. Writers will be paid less and have fewer employment opportunities." It also asserts that reduced competition could see the remaining studios "converging on the lowest-risk projects" rather than gambling on more original concepts and creative voices. The suit points to the 2022 Warner Bros.-Discover merger and the 2025 Paramount-Skydance merger as evidence that deals...

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Bumble says it has agreed to be taken private by Ithaca Holdings in a $1.3B deal; Ithaca co-founders Ravi Gupta and John Hegeman will become Bumble's co-CEOs

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Ahold Delhaize takes systems offline after cyberattack — global retail giant says 'cybersecurity incident' hit systems, but stores remain open

* Ahold Delhaize took systems offline after a cyberattack, though details remain limited * Disruptions affected employee services and customer-facing websites across multiple retail brands * Company is investigating the incident amid concerns of another major ransomware-related attack Ahold Delhaize has suffered a cyberattack that forced it to pull parts of its IT