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Larry Ellison Pledges $40-Billion Personal Guarantee For Paramount's Warner Bros Bid
Oracle co-founder Larry Ellison has personally guaranteed $40.4 billion to shore up Paramount's bid for Warner Bros. Discovery, trying to ease financing doubts as Warner Bros weighs a rival offer from Netflix. Reuters reports: Paramount said the amended terms do not change the $30-per-share all-cash offer even as the fight for Hollywood's sought-after assets heats up, with control of Warner Bros' vast library offering a decisive edge in the streaming wars. "I doubt many Warner Bros shareholders that are on the fence or planning to vote no "were holding out due to issues the "revised bid addresses such as a guarantee from Larry Ellison on the funding front," said Seth Shafer, principal analyst at S&P Global.
As part of the revised terms, Ellison also agreed not to revoke the family trust or transfer its assets during the pendency of the transaction, the filing showed. Paramount said it has raised its regulatory reverse termination fee to $5.8 billion from $5 billion to match the competing transaction and extended the expiration date of its tender offer to January 21, 2026.
The "bid follows Warner Bros asking its shareholders to reject the $108.4 billion offer from Paramount for the whole company, including cable TV assets, on doubts over its financing and the lack of a full guarantee from the Ellison family. But Warner Bros investors, including the fifth largest shareholder Harris Associates, have said they would be open to revised offers from Paramount if it presents a superior bid and addresses issues with deal terms. Under the Netflix agreement, Warner Bros would owe Netflix $2.8 billion as breakup fee if it walks away from that deal.
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Call of Duty Co-Creator, Respawn Co-Founder, and EA Exec Vince Zampella Killed In Car Accident
Vince Zampella, the co-creator of Call of Duty and co-founder of Infinity Ward and Respawn Entertainment, died at 55 in a single-car accident in Los Angeles. According to NBC Los Angeles, "The single-car crash was reported at about 12:45 p.m. on the scenic road north of Los Angeles in the San Gabriel Mountains. The southbound car veered off the road, hit a concrete barrier and a passenger was ejected, the California Highway Patrol said. The driver was trapped in the ensuing car fire, the CHP said. The driver died at the scene and the passenger died at a hospital, authorities told NBC4 Investigates." IGN reports: Zampella was an incredibly talented game developer who changed the industry with Call of Duty, a franchise he co-created with Jason West in 2003 at Infinity Ward, the studio he co-founded with West, after previously serving as the lead designer for EA's Medal of Honor: Allied Assault. Zampella was at the center of a high-profile lawsuit against Activision that alleged that the publisher owed Zampella and the Infinity Ward team millions of dollars in unpaid Call of Duty royalties. The bitter professional divorce led to Zampella and West taking a substantial number of the Infinity Ward team with them to EA, where they co-founded Respawn Entertainment, a studio that has produced nothing but critically acclaimed hits: Titanfall, Titanfall 2, Apex Legends, Star Wars Jedi: Fallen Order, and Star Wars Jedi: Survivor. Respawn's success under Zampella led to him getting promoted twice, eventually overseeing the Battlefield franchise within his role as Group General Manager at EA.
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I automated my entire Linux desktop — and I didn’t have to touch the terminal once - MakeUseOf
Categories: Linux
US Blocks All Offshore Wind Construction, Says Reason Is Classified
An anonymous reader quotes a report from Ars Technica: On Monday, the US Department of the Interior announced that it was pausing the leases on all five offshore wind sites currently under construction in the US. The move comes despite the fact that these projects already have installed significant hardware in the water and on land; one of them is nearly complete. In what appears to be an attempt to avoid legal scrutiny, the Interior is blaming the decisions on a classified report from the Department of Defense.
The second Trump administration announced its animosity toward offshore wind power literally on day one, issuing an executive order on inauguration day that called for a temporary halt to issuing permits for new projects pending a re-evaluation. Earlier this month, however, a judge vacated that executive order, noting that the government has shown no indication that it was even attempting to start the re-evaluation it said was needed. But a number of projects have gone through the entire permitting process, and construction has started. Before today, the administration had attempted to stop these in an erratic, halting manner. Empire Wind, an 800 MW farm being built off New York, was stopped by the Department of the Interior, which alleged that it had been rushed through permitting. That hold was lifted following lobbying and negotiations by New York and the project developer Orsted, and the Department of the Interior never revealed why it changed its mind. When the Interior Department blocked a second Orsted project, Revolution Wind offshore of southern New England, the company took the government to court and won a ruling that let it continue construction.
Today's announcement targets those and three other projects. Interior says it is pausing the permits for all five, which are the only projects currently under construction. It claims that offshore wind creates "national security risks" that were revealed in a recent analysis performed by the Department of Defense, which apparently neglected to identify these issues during the evaluations it did while the projects were first permitted. What are these risks? The Interior Department is being extremely coy. It notes that offshore wind turbines can interfere with radar sensing, but that's been known for a while. In announcing the decision, Interior Secretary Doug Burgum also noted "the rapid evolution of the relevant adversary technologies." But the announcement says that the Defense Department analysis is classified, meaning nobody is likely to know what the actual reason is -- presuming one exists. The classification will also make it far more challenging to contest this decision in court.
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Google Taps More Performance Out Of AMD Zen CPUs With BPF-CCX Scheduling - Phoronix
Categories: Linux
Accommodating Emerging Giants in the Global Economy
Abstract of a paper featured on NBER: How has aggregate income and welfare in the United States been affected by globalization and rapid productivity growth in emerging economies? We use the class of constant elasticity trade models to provide quantitative evidence on these questions. We find that reductions in worldwide trade frictions over the period from 1960-2020 reduced the share of the United States in global GDP but raised its aggregate welfare. Similarly, productivity growth in Japan and China led to a decline in the relative income of the United States, but brought aggregate welfare gains from the resulting expansion in global production possibilities. Trade integration and foreign productivity growth have relatively modest effects on domestic income and welfare compared to domestic productivity growth.
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Intel APX Doubles x86 Registers: Linux KVM Patches Boost VM Performance - WebProNews
Categories: Linux
Australian Eateries Turn To Automatic Tipping as Cost of Doing Business Climbs
Australian restaurants facing a mounting cost-of-doing-business crisis are turning to automatic service charges as a way to shore up revenue. The practice is legal under Australian consumer law as long as customers are notified beforehand and can opt out, but it risks alienating diners in a country where tipping has traditionally been optional.
Wes Lambert, chief executive of the Australian Cafe and Restaurant Association, said only a handful of businesses in central business districts currently add automatic tips to bills, but the practice may spread as cost pressures continue. Automatic tipping is more common at venues frequented by international tourists, who view the practice as normal rather than exceptional. With international tourism now near pre-COVID levels, Lambert expects more restaurants to include tips on bills by default.
A Sydney wine bar recently abandoned its 10 per cent automatic tip after a diner's social media post triggered public backlash. University of New South Wales professor Rob Nichols said Australia's resistance to tipping stems from the expectation that hospitality workers earn at least minimum wage, unlike in the United States where tips constitute most of a server's income. Australians and tourists tip an estimated $3.5 billion annually, and tipping transactions grew 13% year over year in fiscal 2024-25.
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Raspberry Pi Imager 2.0.3 Improves Drive Filtering and AppImage Bundle on Linux - 9to5Linux
Categories: Linux
Raspberry Pi Imager 2.0.3 Improves Drive Filtering and AppImage Bundle on Linux - 9to5Linux
Categories: Linux
Why Some Avatar: Fire and Ash Scenes Look So Smooth, and Others Don't
If you watched Avatar: Fire and Ash in James Cameron's preferred high frame rate 3D format and noticed certain sequences appearing unusually smooth while others had the traditional cinematic look, that visual inconsistency is entirely intentional. The third Avatar film continues Cameron's frame rate experimentation from The Way of Water, selectively deploying 48 frames per second for underwater and flying sequences while keeping dialogue scenes at the standard 24 FPS.
The human eye perceives somewhere between 30 and 60 FPS, meaning viewers can detect the shift between frame rates. Cameron argues the tradeoff is worth it: discomfort from 3D viewing isn't eye strain but "brain strain," caused when parallax-sensitive neurons struggle to process jumping vertical edges. Higher frame rates smooth this out. When critics questioned the approach, Cameron was characteristically blunt. "I think $2.3 billion says you might be wrong on that," he told DiscussingFilm, referencing The Way of Water's box office.
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