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Again, Warner Bros Rejects Paramount’s Aggressive Takeover Deal

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By Adedapo Adesanya

The board of Warner Bros. Discover (WBD) on Wednesday once again rejected a hostile takeover offer from Paramount Skydance, affirming its sale to Netflix.

The board said it continued to believe the Paramount bid is inferior to a previously announced deal with Netflix to buy WBD’s studio and streaming business for $72 billion.

“We have a signed merger agreement with Netflix, it’s a compelling value, a clear path to closing and protections for our shareholders if something stops the close, whatever that might be,” said Mr Samuel Di Piazza, who chairs the WBD board said, as per CNBC on Wednesday.

Business Post reported last year that WBD entered into an agreement to sell its streaming and studio business to Netflix. However, Paramount has been vying to acquire the entirety of WBD, including its pay TV networks.

In the days following the announcement of that deal, Paramount launched its hostile bid, taking directly to shareholders an offer of $30 per share, all cash for the entirety of Warner Bros. Discovery, including its TV networks.

WBD’s board made an initial recommendation to reject the offer, and Paramount subsequently made another push for the coveted assets. In late December Paramount guaranteed the backing of billionaire Larry Ellison, the father of Paramount Skydance CEO David Ellison, as a clear response to questions raised by WBD’s board.

Paramount first showed interest in acquiring all of Warner Bros. Discovery’s assets in September.

The company made three takeover offers before Warner Bros. Discovery kicked off a formal sale process, inviting other bidders into the fold. It would eventually settle for Netflix.

Netflix issued its own statement welcoming the WBD board’s recommendation and noting it has been engaging with the US Department of Justice and European Commission on antitrust concerns surrounding the merger.

“The WBD Board remains fully supportive of and continues to recommend Netflix’s merger agreement, recognizing it as the superior proposal that will deliver the greatest value to its stockholders, as well as consumers, creators and the broader entertainment industry,” Netflix co-CEOs Mr Ted Sarandos and Mr Greg Peters said in the statement.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Gbemi Olateru-Olagbegi’s The Fashion Roundtable Premieres March 19

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Gbemi Olateru-Olagbegi The Fashion Roundtable

By Modupe Gbadeyanka

The new fashion interview show, The Fashion Roundtable, hosted by media personality, Gbemi Olateru-Olagbegi, will premiere exclusively on YouTube on Thursday, March 19, 2026.

The programme will unearth the real, unfiltered conversations with the key players shaping Nigeria’s fashion industry.

The show will feature a powerful lineup of guests, including celebrity stylists Swazzi & Zack Aminu, model Ruth Vader, men’s footwear designer Kiing Davids, creative designers, Nkiru Achukwu of Zephans & Co, Morenike Olusanya of Bawsty, Aanuoluwa Ajide-Daniels of Aso and a host of other notable fashion entrepreneurs and industry players.

Viewers can anticipate standout revelations, such as designer Kiing Davids’ attempt at making women’s shoes that he ultimately abandoned, the story of Zephans & Co selling a staggering 35,000 outfits in one year, and the moment Bawsty’s first pop-up saw 600 registrations and sold out in less than two hours.

The host intends to look beyond the glitz and glamour, providing an intimate space for designers, models, and stylists to share their true behind-the-scenes stories.

The Fashion Roundtable is a direct response to the global attention Nigerian fashion is currently receiving, providing an essential platform to document the industry’s complexities.

Each episode features guests who discuss how they started, the significant challenges they face, how they recovered from failures, and how they financed their businesses. The series is committed to giving a voice to all parts of the fashion ecosystem, not just the designers.

“I created The Fashion Roundtable because I wanted a space to have real, honest conversations with the people who are shaping Nigeria’s fashion industry.

“We often only see the finished product, the beautiful outfits, but we rarely hear from the people behind the scenes about the work that goes into the process. Nigerian fashion is getting so much attention globally, and now feels like the perfect time to share these voices and their stories,” Olateru-Olagbegi said.

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Before Season 4: The Characters Who Shaped the Rise and Fall of Wura

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Wura Season 4

Power has shifted, loyalties have been tested, and secrets are no longer buried. As Wura returns for Season 4, before the next chapter unfolds, it’s the perfect moment to revisit the characters whose ambition, secrets, and rivalries have driven the series’ gripping tale of power and consequence. Here are the characters who have shaped the story so far from Season 1 -3.

Mrs Adeleke (Wura)

The boss lady, ruthless CEO of Frontline Gold Mine and the woman at the centre of it all.

Wura built her empire on carefully buried secrets and ruthless decisions. Anyone who threatened her power in the last seasons was silenced, and every move she made was calculated to keep her throne intact.

But power built without mercy eventually demands payment. In the end, Wura’s world collapsed when she discovered the most devastating truth of all: the daughter she had killed in her quest to protect her secrets was actually her own. Faced with the weight of her actions, she pulled the trigger on herself, leaving behind a legacy of power, destruction, and unanswered questions.

Tumininu (Tumi)

Tumi’s journey began with a simple mission: find the truth about her father. What followed was a dangerous path filled with lies, betrayals, and powerful enemies.

Determined and fearless, Tumi chased every clue and confronted the darkest secrets surrounding her family. But the biggest revelation came too late, the woman she had grown to hate the most was the one who gave birth to her.

In her pursuit of justice, Tumi paid the ultimate price. Sometimes the truth costs everything.

Jeje

Jeje was the man caught between two worlds.

Husband to Tumi, yet deeply connected to Wura’s shadowy reality.

For a long time, he carried dangerous truths that could destroy everything. When Jeje finally revealed that Wura was responsible for Tumi’s father’s death, it set off a chain reaction that neither love nor loyalty could stop. His confession changed the course of every life connected to the Frontline empire.

Mr Adeleke

A respected man sworn to fight crime and uphold justice. Yet the greatest criminal in his life was the woman he loved, Wura.

Mr Adeleke shared a home with Wura, blind to the darkness hiding in plain sight. Even as the signs became impossible to ignore, his love for her clouded his judgment.

It raises a haunting question: how do you police an entire city, yet fail to see the truth inside your own home?

Iyabo

Iyabo was the quiet force that kept the family together until one truth shattered everything.

Without warning, she revealed the secret that changed the entire story: Tumi was not her biological daughter. No preparation. No gentle explanation. Just a truth that landed like a storm in a fragile family. Family secrets destroy everyone.

As Wura launches its Season 4 this March, the story moves beyond the secrets. With the truth now exposed and the consequences still unfolding, the next chapter promises new power struggles, shifting loyalties, and choices that change everything.

In Wura’s world, the past never stays buried, and the next season may prove that the real battle is only just beginning.

To upgrade, subscribe, or reconnect, download the MyGOtv App or dial *288#. For catch-up and on-the-go viewing, download the GOtv Stream App and enjoy your favourite shows anytime, anywhere.

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Paramount+, HBO Max to Become One Streaming Entity After WBD Deal

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By Adedapo Adesanya

Paramount+ and HBO Max will become a single, unified streaming service after Paramount Skydance stepped in to acquire Warner Bros. Discovery (WBD) following the surprise exit of Netflix from the bid.

The company’s chief executive officer (CEO), Mr David Ellison, announced during a call with investors on Monday that the company plans to merge Paramount+ and HBO Max into a single, unified platform.

“Our combined company will be home to many of the greatest, most recognisable and beloved franchises in the world, from ‘Harry Potter’ to ‘Top Gun,’ ‘Star Trek’ to ‘Looney Tunes,’ ‘Game of Thrones’ to ‘Yellowstone.’ This represents a tremendous opportunity, and we fully intend to invest in the creative engines of both studios, making them the most sought-after destination for the industry’s leading creative talent,” he said.

Mr Ellison also reassured investors that HBO’s identity and creative vision as a studio would remain unchanged.

“Our viewpoint is HBO should stay HBO.” He also committed to maintaining a robust theatrical slate, pledging 15 films per year, per studio, for a total of at least 30 annual theatrical releases.

This announcement comes on the heels of Paramount’s recent agreement to acquire WBD in a deal estimated at $110 billion. The merger would bring together a vast array of film, TV, and news assets under one corporate entity and is expected to upend the Hollywood landscape as we know it. It also furthers the trend of consolidation seen among other major streaming platforms, such as the combination of Disney+ and Hulu.

With a projected subscriber base of over 200 million, the new streaming service will be positioned as a serious contender among the top streaming giants.

However, the merger also invites close scrutiny from the US Department of Justice over concerns about media concentration and market competition.

Also, industry observers warn that the merger is likely to result in significant job cuts, heightening employee anxieties over layoffs and wage reductions.

There have also been concerns over editorial independence, particularly in light of the Ellison family’s political connections to Donald Trump and increasing scrutiny of newsrooms at CBS and CNN.

Regardless of the concerns, Mr Ellison was optimistic that the transaction would move forward smoothly.

He described the merger as “pro-competition, pro-consumer, and pro-creative community,” emphasising the transaction will “create a stronger Hollywood and global production ecosystem, one that expands consumer choice and unlocks opportunities for creative talent.”

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