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Warner Bros, which put itself up for sale last year, said Paramount's latest bid was "superior" to Netflix's offer and called on the streaming company to raise its offer - to which Netflix refused.
eBay announced that it is cutting about 800 jobs from its global staff. "We are taking steps to reinvest across our business and align our structure with our strategic priorities, which will affect certain roles across our workforce," the retailer said in a statement as reported by Bloomberg. This move will see about 6 percent of eBay's current full-time workers laid off. Bloomberg noted that eBay would continue hiring in "key areas" but did not specify what those fields are.