Bidding War
David Blitzer enters bidding war for IPL franchises RCB and Rajasthan Royals
Reported by AI Image generated by AI
US billionaire David Blitzer has joined the race to acquire a majority stake in Indian Premier League teams Royal Challengers Bengaluru or Rajasthan Royals, valuing RCB at $1.8 billion. The move intensifies competition from figures like Manchester United co-owner Avram Glazer and Indian tycoons such as Adar Poonawalla. Final bids are due by mid-March ahead of the 2026 IPL season.
A sex comedy starring Olivia Wilde has generated significant buzz at the Sundance Film Festival. The film, titled 'The Invite,' premiered to a standing ovation over the weekend. It has now ignited a competitive bidding war among distributors.
Reported by AI
Warner Bros. Discovery's board is set to reject Paramount Skydance's amended hostile takeover bid following a meeting next week, sources say. The decision prioritizes WBD's merger with Netflix amid delays, costs, regulatory hurdles, and investor skepticism despite sweeteners like Larry Ellison's guarantee.