acquisition
The Maryland Stadium Authority has announced a preliminary deal to purchase Laurel Park from The Stronach Group, transforming the historic venue into a hub for horse training. This acquisition aims to save the state nearly $50 million amid efforts to revitalize Pimlico Race Course and strengthen the horse racing industry. The move preserves jobs and facilities while adapting to ongoing redevelopment projects.
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Paramount has launched a hostile takeover bid for Warner Bros. Discovery, offering $30 per share—higher than Netflix's recent $27.5 per share deal. The move targets the entire company, including gaming studios like Rocksteady, NetherRealm, and Avalanche. This escalation could reshape the future of Warner Bros. Games amid ongoing industry consolidation.