) gained after a source told Reuters that veteran media executive Edgar Bronfman has sweetened his bid to take over the company, offering US$6-billion for its controlling shareholder National Amusements and a minority stake in Paramount.Paramount said on Wednesday it had received an acquisition proposal from Bronfman on behalf of a consortium of investors, but it did not disclose the terms.
That compares to Skydance’s US$8.4-billion deal to take over Paramount through a complex, two-step transaction that involves Paramount acquiring Mr. Ellison’s smaller independent media company in an all-stock transaction.) increased after it raised its annual revenue forecast on Wednesday, driven by strong demand for its AI-powered collaboration tools deployed in hybrid work models, and said Kelly Steckelberg would step down as its CFO.
This suggests that Zoom is “doing more than simply holding its ground. They’re reinforcing their foundation and making sure they’re prepared for the long haul,” said Jeremy Goldman, senior director of briefings at Emarketer. The company expects fiscal 2025 revenue to be between US$4.63-billion and US$4.64-billion, compared with the US$4.61-billion and $4.62 billion forecast earlier.) soared after it beat Wall Street estimates for fourth-quarter revenue on Thursday, driven by the fitness-equipment maker’s partnerships and bike rental program.
Adjusted to exclude the massive regulatory provision and other, smaller one-time items, TD said its profit was $3.65-billion. That was effectively unchanged year over year.
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