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WBD recommends shareholders reject Paramount's unsolicited cash bid, calling the offer "illusory" and saying it believes Netflix's proposal is still superior (Wall Street Journal)

Wall Street Journal : WBD recommends shareholders reject Paramount's unsolicited cash bid, calling the offer “illusory” and saying it...

17 December 2025

WBD recommends shareholders reject Paramount's unsolicited cash bid, calling the offer "illusory" and saying it believes Netflix's proposal is still superior (Wall Street Journal)

Wall Street Journal:
WBD recommends shareholders reject Paramount's unsolicited cash bid, calling the offer “illusory” and saying it believes Netflix's proposal is still superior  —  Warner raised concerns about the credibility of Paramount's ‘illusory’ offer and its backing from the Ellison family

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Source: Tencent tells staff that Yao Shunyu, an ex-OpenAI researcher who joined in September, is now its chief AI scientist, reporting to President Martin Lau (Juro Osawa/The Information)

Juro Osawa / The Information:
Source: Tencent tells staff that Yao Shunyu, an ex-OpenAI researcher who joined in September, is now its chief AI scientist, reporting to President Martin Lau  —  Tencent Holdings internally announced that Yao Shunyu, a researcher who joined from OpenAI in September, is now serving …

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Bengaluru-based e-commerce platform Meesho is up 95% from its IPO offer price, valuing it at nearly $11B and making it India's best-performing major IPO of 2025 (Ashutosh Joshi/Bloomberg)

Ashutosh Joshi / Bloomberg:
Bengaluru-based e-commerce platform Meesho is up 95% from its IPO offer price, valuing it at nearly $11B and making it India's best-performing major IPO of 2025  —  Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing.

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Sensor Tower: ChatGPT had 73M DAUs in India as of last week, up 607% YoY and more than double the US, boosted by its free plans, far above Gemini's 17M DAUs (Munsif Vengattil/Reuters)

Munsif Vengattil / Reuters:
Sensor Tower: ChatGPT had 73M DAUs in India as of last week, up 607% YoY and more than double the US, boosted by its free plans, far above Gemini's 17M DAUs  —  OpenAI, Google and Perplexity have begun an unprecedented fight for artificial intelligence users in India, rolling out freebies …

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Crypto exchange HashKey closed flat in its Hong Kong debut, after rising as much as 6.6% before falling 8.4% intraday, amid a weakness in digital assets (Reuters)

Reuters:
Crypto exchange HashKey closed flat in its Hong Kong debut, after rising as much as 6.6% before falling 8.4% intraday, amid a weakness in digital assets  —  Cryptocurrency exchange HashKey Holdings Ltd (3887.HK) made a flat debut in Hong Kong on Wednesday amid recent weakness in digital assets …

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Ankar, which develops LLM-powered AI tools to streamline the process of drafting patent applications for patent attorneys, raised a $20M Series A led by Atomico (Jeremy Kahn/Fortune)

Jeremy Kahn / Fortune:
Ankar, which develops LLM-powered AI tools to streamline the process of drafting patent applications for patent attorneys, raised a $20M Series A led by Atomico  —  The company, which just secured a $20 million Series A venture capital round, is using AI to streamline the process of obtaining …

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Sources: top Monzo shareholders, including Accel and Iconiq, are pushing to oust the fintech's Chair Gary Hoffman after the surprise departure of CEO TS Anil (Financial Times)

Financial Times:
Sources: top Monzo shareholders, including Accel and Iconiq, are pushing to oust the fintech's Chair Gary Hoffman after the surprise departure of CEO TS Anil  —  Investors including Accel and Iconiq are also pressing for greater board representation for shareholders

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Bhutan unveils a pledge of up to 10,000 bitcoin to develop Gelephu Mindfulness City; Arkham says Bhutan holds 5,984 bitcoin, ranking 7th among sovereign holders (Vismaya V/Decrypt)

Vismaya V / Decrypt:
Bhutan unveils a pledge of up to 10,000 bitcoin to develop Gelephu Mindfulness City; Arkham says Bhutan holds 5,984 bitcoin, ranking 7th among sovereign holders  —  The 10,000 BTC will generate yields for GMC's growth while being held long-term, with Bhutan ruling out selling the reserves.

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Monzo receives an Irish banking license, allowing the London-based digital lender to offer current and savings accounts across the EU (Aisha S Gani/Bloomberg)

Aisha S Gani / Bloomberg:
Monzo receives an Irish banking license, allowing the London-based digital lender to offer current and savings accounts across the EU  —  Monzo has received an Irish banking license, a move that will allow the UK digital lender to expand into markets across the European Union.

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The Marshall Islands unveils a national UBI scheme that offers payments of ~$200 per quarter to every resident citizen via stablecoin or traditional currency (Prianka Srinivasan/The Guardian)

Prianka Srinivasan / The Guardian:
The Marshall Islands unveils a national UBI scheme that offers payments of ~$200 per quarter to every resident citizen via stablecoin or traditional currency  —  Quarterly payments of $200 to be offered via stablecoin or traditional currency in a scheme designed to ease cost of living pressures in the Pacific nation

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