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The company is bypassing Warner Bros. Discovery’s board and going straight to shareholders with a higher, all-cash offer.

Asian shares are mostly lower after declines for AI stocks dragged the U.S. market to its worst day in nearly a month.

Over 400 buyers are confirmed to attend NATPE Global, running from February 4 to 6 at the InterContinental Miami.

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Paramount has updated its Warner Bros. Discovery bid by strengthening the financial terms and other guarantees.

Mr. Ellison’s personal guarantee is meant to address concerns that the Warner Bros. Discovery’s board had expressed about Paramount’s original offer.