Hollywood
Miley Cyrus’ home robbed again
MUMBAI: Miley Cyrus’ Los Angeles home was robbed on 16 December 2014. According to prosecutors, a large quantity of her and her brother’s property was stolen from the 22 year old American singer and actress’ Toluca Lake home.
The alleged thief, Rusty Edward Sellner was arrested on Monday for the offence and entered pleas for the same. However, he was pleaded not guilty when the case went to court on Wednesday.
The Los Angeles police department’s north Hollywood division is investigating the alleged burglary.
Sellner will face a preliminary hearing at the Los Angeles county superior court, van nuys branch on 20 January 2014. He could face up to seven years and eight months in state prison if convicted.
Sellner has previous convictions for burglary and evading arrest.
This is the second burglary for Cyrus in less than a year and a third time in two years that her home has been targeted by thieves.
In May, thieves broke into her San Fernando Valley home and took clothes, purses, jewelry and a 2014 Maserati that was later abandoned. An Arizona couple went to prison for that break-in.
Hollywood
Warner Bros rejects Paramount’s latest bid, gives seven-day deadline for revised offer
Studio seeks bid above $31 a share while backing Netflix merger
NEW YORK: Warner Bros Discovery has rejected Paramount Skydance’s latest hostile bid of $30 a share but granted the suitor seven days to submit a “best and final” offer, even as it reiterated its support for a merger with Netflix.
In a letter sent on Tuesday, Warner Bros said Paramount had informally floated a higher price of $31 a share, but the board did not consider the proposal reasonably likely to result in a superior transaction to its existing Netflix deal.
Paramount has until February 23 to improve its offer. Under the merger agreement, Netflix is entitled to match any competing bid, Warner Bros said.
“Our board has not determined that your proposal is reasonably likely to be superior to the Netflix merger,” chairman Samuel DiPiazza Jr and chief executive David Zaslav wrote to the Paramount board. “We remain fully committed to our transaction with Netflix.”
Paramount’s offer values Warner Bros at $108.4 billion, while Netflix has agreed to pay $27.75 a share, valuing Warner Bros’ studio and streaming assets at $82.7 billion. Warner Bros plans to spin off its Discovery Global cable networks: including CNN, TLC, Food Network and HGTV, into a separate listed company ahead of the merger vote scheduled for 20 March.
Warner Bros said it expects any acceptable Paramount bid to exceed $31 a share, noting that a Paramount adviser had suggested higher pricing was possible if talks reopened.
Shares of Paramount rose 6 per cent, while Warner Bros Discovery gained 2.3 per cent. Netflix shares fell 1.4 per cent.
The move marks a shift after months of resistance. Paramount has said Warner Bros previously failed to engage meaningfully on six approaches before announcing its Netflix deal in December. A revised Paramount proposal in January, backed by a $40 billion personal equity guarantee from Larry Ellison, father of Paramount chief executive David Ellison, was also rejected.
Warner Bros now faces growing pressure from activist investor Ancora Holdings, who opposes the Netflix transaction. Paramount has separately sought board representation, with Pentwater Capital backing its bid.
The deal is expected to face regulatory scrutiny over competition concerns, with Paramount and Netflix engaging with authorities including the US Department of Justice.
