Warner Bros. is again rejecting a takeover bid from Paramount and telling shareholders to stick with a rival offer from Netflix. Warner's leadership has repeatedly rebuffed Skydance-owned Paramount's overtures — and urged shareholders just weeks ago to support selling its streaming and studio business to Netflix for $72 billion. Paramount, meanwhile, has made efforts to sweeten its $77.9 billion hostile bid for the entire company. Warner Bros. Discovery said Wednesday that its board determined Paramount's offer isn't in the best interests of the company or its shareholders and doesn't meet the criteria of being a superior proposal. It still recommends shareholders support the Netflix deal.

Google has struck a deal to buy cybersecurity firm Wiz for $32 billion in what would be the tech giant's biggest-ever acquisition at the same time it's facing a potential breakup of its internet empire. The proposed takeover announced Tuesday is part of Google's aggressive expansion into cloud computing during an artificial intelligence boom. The frenzy is driving demand for data centers that provide the computing power for AI technology and intensifying the competition in that space among Google and two other tech powerhouses, Microsoft and Amazon. If the all-cash transaction is approved by regulators, Wiz will join Google Cloud next year.