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Netflix pulls out of Warner Bros Discovery bid after Paramount offer

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Netflix pulls out of Warner Bros Discovery bid after Paramount offer

Warner Bros. Discovery CEO David Zaslav may have been counting on watching one last round in the Netflix vs. Paramount Skydance boxing match to acquire the media company he runs. What he might not have anticipated was that Netflix wouldn’t even bother re-entering the ring.

Thursday after the market close, WBD announced that Paramount Skydance’s last and best offer of $31 a share for its film studio, streaming platform and cable networks was superior to Netflix’s previously accepted bid of $27.75 a share for the studio and streaming assets.

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WBD’s declaration started a countdown clock: Netflix was granted four business days to match or beat Paramount’s new bid, but just an hour and 10 minutes later, Netflix left the arena.

NETFLIX BACKS OUT OF WARNER BROS BIDDING WAR AFTER PARAMOUNT MADE ‘SUPERIOR’ OFFER

ted sarandos netflix co-ceo

WBD said Paramount Skydance’s last and best offer of $31 a share for its film studio, streaming platform and cable networks was superior to Netflix’s previously accepted bid of $27.75 a share for the studio and streaming assets. Netflix co-CEO Ted Sa (Charley Gallay/Getty Images for Netflix / Getty Images)

In a joint statement, the streamer’s co-CEOs, Ted Sarandos and Greg Peters, said, “The transaction we negotiated would have created shareholder value with a clear path to regulatory approval. However, we’ve always been disciplined, and at the price required to match Paramount Skydance’s latest offer, the deal is no longer financially attractive, so we are declining to match the Paramount Skydance bid.” 

Considering Sarandos’ tone in the final days of the process, the market should have been ready for the quick exit. In an interview Feb. 20 on FOX Business’ “Claman Countdown,” Sarandos, when pressed as to whether he’d match a potentially higher bid by Paramount Skydance, seemingly took a page out of former Berkshire Hathaway CEO Warren Buffett’s “never overpay for an asset no matter how much you want it” playbook.

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The Netflix logo displayed on a building

Netflix was granted four business days to match or beat Paramount’s new bid, but just an hour and 10 minutes later, Netflix left the arena. (Mario Tama/Getty Images / Getty Images)

“We’ve been very disciplined buyers in our careers. Our shareholders know us and they expect us to continue to do what we do, which is remain a disciplined buyer,” Sarandos told FBN.

Netflix shareholders have never fully embraced the merger since the official bidding process began Nov. 20. Since then, Netflix shares have shriveled more than 19%.

Ticker Security Last Change Change %
NFLX NETFLIX INC. 84.61 +1.90 +2.30%
WBD WARNER BROS. DISCOVERY INC. 28.80 -0.10 -0.35%
PSKY PARAMOUNT SKYDANCE CORP. 11.18 +1.02 +10.04%

Much of the concern focused on whether the $82.7 billion dollar cost might shake Netflix’s solid balance sheet, and whether the deal would pass regulatory muster.

NETFLIX CO-CEO ACCUSES JAMES CAMERON OF SPREADING ‘MISINFORMATION’ ABOUT WARNER BROS. ACQUISITION

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An aerial view of the Warner Bros. logo displayed on the water tower at Warner Bros. Studio

Netflix shareholders have never fully embraced the merger since the official bidding process began November 20. (Mario Tama/Getty Images / Getty Images)

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Thursday evening when WBD confirmed the superiority of Paramount’s bid, Netflix shares saw a relief rally, soaring nearly 10% in after-hours trade.

In its statement, Netflix’s co-CEOs intimated they agreed with shareholders.

“This transaction was always a ‘nice to have’ at the right price, not a ‘must have’ at any price,” Sarandos and Peters said.

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Why Smart Honkai Star Rail Players Choose LDShop for Their Top-Ups

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If you're deep into Honkai Star Rail's galactic adventure, you know that Stellar Jades and Oneiric Shards are the lifeblood of your journey through the Astral Express.

If you’re deep into Honkai Star Rail’s galactic adventure, you know that Stellar Jades and Oneiric Shards are the lifeblood of your journey through the Astral Express.

Whether you’re pulling for that limited 5-star character or stocking up for the next big banner, finding a reliable and secure platform for topping up your account isn’t just about convenience—it’s about protecting your gaming investment.

With countless top-up platforms available online, the question isn’t just “where can I buy?” but “where should I buy?” Today, we’re diving into why LDShop has become a go-to choice for Honkai Star Rail players worldwide, and what makes it stand out in the crowded game currency marketplace.

The Real Concerns Behind Game Top-Ups

Before we talk about solutions, let’s address the elephant in the room: top-up anxiety. Every player has heard horror stories—accounts getting flagged, payments disappearing into thin air, or worse, security breaches that compromise personal information. When you’re investing real money into your gaming experience, these aren’t just theoretical concerns.

The stakes are real. Your Honkai Star Rail account represents hours of gameplay, carefully built characters, and potentially significant financial investment. The last thing you want is to save a few dollars on a sketchy platform only to lose access to everything you’ve worked for.

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What Makes a Top-Up Platform Actually Safe?

Security in game top-ups isn’t about one single feature—it’s a combination of factors working together. Here’s what genuinely matters:

Legitimate Partnerships: The best platforms work directly with official channels or authorized distributors. This ensures your purchase goes through proper channels recognized by the game developers.

Transparent Transaction Process: You should always know exactly what you’re buying, how much you’re paying, and when you’ll receive it. Hidden fees and vague delivery times are red flags.

Secure Payment Systems: Your financial information deserves protection. SSL encryption, trusted payment gateways, and compliance with international security standards aren’t optional—they’re essential.

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Responsive Customer Support: When something goes wrong (and occasionally, things do go wrong), having actual humans who can help makes all the difference.

Track Record: A platform’s history speaks volumes. How long have they been operating? What do real users say about their experiences?

Why LDShop Checks All the Boxes

This is where LDShop enters the conversation, and it’s worth understanding what sets it apart.

Backed by Proven Technology

LDShop isn’t some overnight operation trying to make a quick buck. It’s backed by LDPlayer, one of the most established Android emulators in the gaming world. This connection matters more than you might think. LDPlayer has been serving the gaming community for years, building a reputation that they’re not about to risk with shady business practices. When you use LDShop Honkai Star Rail services, you’re leveraging that established trust.

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Real Savings That Actually Matter

Let’s talk numbers. LDShop offers up to 30% off on Honkai Star Rail top-ups. That’s not a promotional trick or first-time-only deal—it’s consistent pricing that adds up significantly over time. If you’re a regular spender pulling for characters and Light Cones, those savings can mean the difference between hitting pity or needing another purchase.

But here’s the crucial part: these discounts don’t come at the cost of security or legitimacy. The platform maintains competitive pricing while ensuring every transaction goes through proper channels, which brings us to the security aspect.

Security Without the Corporate Jargon

LDShop partners with authorized top-up service providers that have direct relationships with gaming companies. In practical terms, this means your Honkai Star Rail top-up isn’t coming from some gray-market source that might flag your account. Every transaction is processed through legitimate channels, with proper documentation and tracking.

The platform employs industry-standard SSL encryption for all transactions. Your payment information is protected during transmission, and the company explicitly states its commitment to data security. They’re not just saying they’re secure—they’re implementing actual measures to protect your information.

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Customer Service That Actually Responds

Here’s something you don’t often see highlighted: LDShop provides localized customer service in multiple languages. As a global platform, they understand that players from different regions have different needs and speak different languages. Whether you’re in North America, Europe, or Asia, there’s someone available who can actually help you when needed.

The support team handles inquiries both before and after purchase. Have a question about which top-up package to choose? They’ll guide you. Experiencing a delay in delivery? They’ll track it down. This level of accessibility matters when you’re dealing with real money and an account you care about.

Simple, Straightforward Process

Complexity is the enemy of user experience. LDShop keeps the top-up process refreshingly simple:

  1. Select Honkai Star Rail from their game catalog
  2. Choose your top-up amount
  3. Enter your player information
  4. Complete payment through your preferred method
  5. Receive your currency, typically within minutes

No convoluted verification processes, no suspicious extra steps, no unclear waiting periods. You get what you paid for, when you expect it.

Multiple Payment Options

Different players prefer different payment methods, and LDShop accommodates this reality. Whether you prefer credit cards, PayPal, regional payment systems, cryptos, or other options, the platform supports a wide range of payment gateways. This flexibility means you can use the payment method you trust most, rather than being forced into something unfamiliar.

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The Bigger Picture: Why Platform Choice Matters

Choosing where to top up your Honkai Star Rail account isn’t just about finding the lowest price or fastest delivery. It’s about making a decision that protects your entire gaming experience.

A legitimate platform like LDShop means:

  • Your account stays in good standing with HoYoverse
  • Your personal and financial information remains protected
  • You have recourse if something goes wrong
  • Your purchases support the game’s ecosystem properly

Compare this to unauthorized third-party sellers or peer-to-peer trading, where you might save a few more dollars but risk account penalties, delivery failures, or security compromises.

Making the Smart Choice

The Honkai Star Rail community is full of passionate players who’ve invested not just money, but time and emotion into their accounts. Your choice of top-up platform should reflect that investment.

When evaluating LDShop Honkai Star Rail top-up services, consider what matters most to you:

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  • Are you getting legitimate currency through proper channels? Yes.
  • Is your financial information protected? Yes.
  • Are you saving money compared to official pricing? Yes.
  • Can you get help if needed? Yes.
  • Is the company stable and reputable? Yes.

Final Thoughts

In the world of game currency top-ups, trust is everything. You’re not just buying virtual currency—you’re ensuring the continued safety and enjoyment of your gaming experience. LDShop has built its reputation on providing that trust alongside competitive pricing and quality service.

Whether you’re a dolphin, a whale, or someone who just occasionally needs a small top-up to secure that one character you’ve been saving for, having a reliable platform makes all the difference. The combination of legitimate partnerships, strong security measures, responsive customer service, and genuine savings makes LDShop a platform worth considering for your Honkai Star Rail needs.

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US Stocks: Netflix shares surge 9% as investors cheer decision to exit Warner Bros race

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US Stocks: Netflix shares surge 9% as investors cheer decision to exit Warner Bros race
Netflix jumped more than 9% on Friday as investors applauded its decision to exit the race for Warner Bros Discovery, a months-long bidding war with Paramount Skydance for some of Hollywood’s most prized assets.

Netflix declined to match Paramount’s latest $31 per share bid or raise its offer of $27.75 a share for Warner Bros’s studio and streaming assets, stating that the deal was “no longer financially attractive”.

The decision was welcomed by investors as shares of the streaming giant ‌had shed more ⁠than 18% ⁠since it announced its deal with Warner Bros on December 5.

The latest move is a “tick in the box” for discipline, said Ben Barringer, head of technology research at Quilter Cheviot.

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“What you want from a management team is an ability to ​look at acquisitions, value them, pay what they think is a fair price, but to not overpay.”


Analysts and investors had questioned whether Netflix’s bid was a defensive attempt to block a future competitor or an offensive shift ​away from its historically disciplined build-versus-buy approach.
“A positive turn of events in ⁠our view, ‌as we believe NFLX’s withdrawal from the race will leave it free to refocus ​on its business, while ​its closest competitors grapple with long and distracting regulatory approval and merger integration processes, ⁠and with PSKY saddled with sizable deal debts,” HSBC analysts said.’GOOD BUSINESS ​SENSE’

Shares of the David Ellison-led Paramount, meanwhile, were up 5%.

A tie-up with Warner ​Bros would allow Paramount’s storied Hollywood studio to tap into Warner’s deep trove of intellectual property -including franchises such as “Fantastic Beasts” and “The Matrix” – across film, television and streaming.

“WBD’s largest asset is declining and the company is still under debt from its last failed merger. But this deal is more about Ellison taking over Hollywood and ego than it is about good business sense,” said Ross Benes, senior analyst at Emarketer.

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For Paramount’s streaming ‌unit, a combination with HBO Max and Discovery+ would reshape its position in a streaming era long dominated by Netflix.

“Paramount was the streaming market laggard, and it needs Warner Bros’ content and capabilities to play catch-up. It ⁠will need more than Harry Potter for the deal to work its magic and enable Paramount to fight off Netflix, Disney and Amazon in the streaming wars,” said Dan Coatsworth, head of markets at AJ Bell.

In the fight ​for Warner Bros, the Paramount consortium backed by billionaire Larry Ellison and led by his son, Paramount CEO David Ellison, also boosted its termination fee to $7 billion and expanded its financing commitments, including $45.7 billion in equity.

“There is a right price and wrong price for any acquisition, and the pressure is now on Paramount to prove the big financial outlay is worth it,” said Coatsworth.

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Bubbies adds portable pickles

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Bubbies adds portable pickles

The pouched pickle snacks are offered in two flavors. 

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The Dow’s ‘Citrini Selloff’ Is Back. Blame Block.

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Stocks Little Changed After Fed Decision

The Dow’s ‘Citrini Selloff’ Is Back. Blame Block.

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FCC Chairman Carr says ‘The View’ faces ‘uphill climb’ over equal time

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FCC Chairman Carr says 'The View' faces 'uphill climb' over equal time

ABC’s “The View” is under Federal Communications Commission (FCC) review after Chairman Brendan Carr said the long-running talk show faces an “uphill climb” in proving it qualifies as a legitimate news program.

“The View” is at the center of an investigation by the FCC over the agency’s equal-time rules, which prevent media from favoring certain political candidates. The investigation follows increased FCC scrutiny of political segments on entertainment programs.

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“When you look at the lineup of guests that have typically been on ‘The View,’ I think it’s an uphill climb for Disney to make the case that they’re just a straight news program,” Carr said Friday on “Mornings with Maria.”

VERIZON CUSTOMERS FACE 35-DAY WAIT TO UNLOCK PAID-OFF PHONES UNDER POLICY CHANGE

FCC Chairman Brendan Carr speaks at Concordia Summit.

Federal Communications Commission Chairman Brendan Carr speaks onstage during the 2025 Concordia Annual Summit at the Sheraton New York Times Square in New York City on Sept. 22, 2025. (John Lamparski/Getty Images for Concordia Annual Summit / Getty Images)

The dispute stems from an appearance by Texas Senate candidate James Talarico, while his primary opponent, Democratic Rep. Jasmine Crockett of Texas, was not offered a slot. Crockett has previously appeared on the program but said those appearances were not related to her current Senate campaign.

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“Bona fide” newscasts and interviews are typically exempt from the equal-time rules, but Carr said it may be tough for the show to prove that’s what they are.

Whoopi Goldberg, Sara Haines, Joy Behar, Ana Navarro, Sunny Hostin and Alyssa Farah Griffin appear during the Season 29 premiere of “The View,” which aired Sept. 8, 2025, on ABC. (Lou Rocco/American Broadcasting Companies, Inc. via Getty Images / Getty Images)

“Disney’s ‘The View’ is now asserting to the FCC that they are a bona fide news program. And we started an enforcement action there. We’ve issued letters of inquiry, which are versions of subpoenas,” Carr said.

MIKE DAVIS: WHY WE MUST DROP ANTIQUATED RULE SHACKLING TV IN STREAMING ERA

He added that dozens of Disney-affiliated TV stations disagree with the company’s claim that “The View” qualifies as exempt news programming under the equal-time rule. Carr said the FCC has received several equal-time notices from the affiliate stations, which could allow Crockett to request airtime.

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“Congress passed a law, and they didn’t want media gatekeepers to be deciding the outcomes of elections by having exclusively one political candidate or one political party on all the time,” added Carr.

Earlier this month, CBS’s “The Late Show” declined to air a segment with Talarico over equal-time concerns. CBS released a statement denying it censored host Stephen Colbert, saying the show instead chose to post the interview on YouTube to avoid triggering the rule.

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Earnings call transcript: Pembina Pipeline Q4 2025 earnings beat expectations

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Earnings call transcript: Pembina Pipeline Q4 2025 earnings beat expectations

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Aura Minerals Q4 2025 slides: record output masks earnings miss

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Aura Minerals Q4 2025 slides: record output masks earnings miss


Aura Minerals Q4 2025 slides: record output masks earnings miss

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OpenAI raises $110 billion funding round with $840B valuation

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OpenAI raises $110 billion funding round with $840B valuation

OpenAI said on Friday it is raising $110 billion in a blockbuster funding round that would value the ChatGPT maker at $840 billion, in a deal that signals the feverish pace of investment in artificial intelligence.

The funding round — one of the largest private capital raises on record — includes a $30 billion investment from SoftBank, $30 billion from Nvidia, and $50 billion from Amazon, and comes ahead of the AI startup’s expected mega-IPO later this year.

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More investors are expected to join the round as it progresses, OpenAI said.

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Big Tech companies and large tech investors such as SoftBank are racing to forge partnerships with OpenAI — which is spending heavily on data centers — betting that closer ties with the company would give them a competitive edge in the AI race.

OpenAI CEO Sam Altman speaks in Japan

Open AI CEO Sam Altman speaks during a talk session with SoftBank Group CEO Masayoshi Son at an event titled “Transforming Business through AI” in Tokyo, Japan, on Feb. 3. (Tomohiro Ohsumi/Getty Images)

For OpenAI, the fresh cash will help secure advanced AI chips and the computing capacity that it needs to maintain its pole position in the AI industry, especially as competition heats up from rivals such as Claude chatbot maker Anthropic and Google’s Gemini.

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OpenAI is targeting roughly $600 billion in total compute spend through 2030, a source told Reuters last week.

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Along with the $50 billion investment, OpenAI and Amazon have also struck a deal in which OpenAI will utilize 2 gigawatts of computing capacity powered by Amazon’s in-house Trainium AI chips.

NVIDIA CEO SAYS ARTIFICIAL INTELLIGENCE BOOM IS JUST GETTING STARTED: ‘AI IS GOING TO BE EVERYWHERE’

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The companies are also expanding their $38 billion cloud deal signed last year, with OpenAI saying it would spend an additional $100 billion on Amazon Web Services over the next eight years. As well, OpenAI will work with Amazon to develop customized models for the e-commerce giant’s engineering teams.

Amazon will start with an initial $15 billion investment, followed by another $35 billion in the coming months when certain conditions are met, the companies said.

Ticker Security Last Change Change %
AMZN AMAZON.COM INC. 207.92 -2.72 -1.29%
NVDA NVIDIA CORP. 184.89 -10.67 -5.46%
SOBKY SOFTBANK CORP. 13.635 +0.15 +1.15%

Amazon Web Services will also be the exclusive third-party cloud provider for OpenAI Frontier, the ChatGPT maker’s enterprise platform for building and running AI agents.

The partnership does not change OpenAI’s existing relationship with Microsoft, with Microsoft Azure still remaining the exclusive cloud provider for OpenAI’s APIs that provide access to OpenAI’s models, the companies said.

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OpenAI’s first-party products will continue to be hosted on Azure, and Microsoft holds its exclusive license and access to intellectual property across OpenAI models and products.

NVIDIA INVESTMENT RAISES DOUBTS

Nvidia’s investment in OpenAI gives the chip giant a financial stake in one of its largest customers, amplifying the already intertwined relationship between two of the highest-profile players in the AI industry.

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It also underscores a growing trend in the tech and AI industry where firms invest in and sign supply deals with each other, raising concerns about “circular” financing deals.

It was not immediately clear whether Nvidia’s $30 billion investment replaced its earlier commitment announced in September under which Nvidia was set to invest up to $100 billion in the startup.

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OpenAI and Nvidia did not immediately respond to Reuters’ requests for clarification.

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ChatGPT now serves more than 900 million weekly active users, OpenAI said, adding that it has now surpassed 50 million consumer subscribers. January and February are on track to become the largest months for new subscriber additions, it said.

Its AI-assisted coding product, Codex, has also scaled — weekly Codex users have more than tripled since the start of the year to 1.6 million, the company said.

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Vishal Mega Mart bulk deal: Govt of Singapore, HDFC MF buy stakes as promoter sells 14% for Rs 7,636 crore

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Vishal Mega Mart bulk deal: Govt of Singapore, HDFC MF buy stakes as promoter sells 14% for Rs 7,636 crore
The Government of Singapore and HDFC Mutual Fund acquired promoter stakes worth Rs 1,485 crore and Rs 1,100 crore, respectively, in Vishal Mega Mart through separate bulk deals on Friday. The Monetary Authority of Singapore also emerged as a key buyer, picking up shares worth Rs 858 crore in the grocery-to-fashion retailer.

Promoter entity Samayat Services LLP offloaded a 14% stake representing 65.25 crore shares in two tranches that were together valued at Rs 7,636 crore.

The Government of Singapore bought 12.69 crore shares at a price of Rs 117 apiece. Meanwhile, HDFC MF executed a couple of deals to acquire over 9.40 crore shares in the company. The Monetary Authority of Singapore purchased 7.33 crore shares.

Shares of Vishal Mega Mart today ended at Rs 117.85 on the NSE, down by Rs 9.68 or 7.59% over the Thursday closing price.

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Samayat Services held 54.09% (252.74 crore) in Vishal Mega Mart as of December 31, 2025. Under the stake sale, 3.05 crore shares will be offloaded, the report said.

Vishal Mega Mart shares have gained 14% over a one year period, which is a slight outperformance over Nifty’s 12% and BSE Sensex’s 9% in the same period.
The stock is currently trading below its 50-day and 200-day simple moving averages (SMA) of Rs 127 and Rs 136, respectively according to Trendlyne data.
The company’s consolidated net profit for the December ended quarter stood at Rs 313 crore, which is a growth of 19% over Rs 263 crore in the year ago period. Its total revenue in the quarter under review stood at Rs 3,695 crore, up 17% 3,155 crore in the corresponding quarter of the last financial year.
Vishal Mega Mart is one of the leading Indian fashion-led hypermarket chain with over 780 stores, focusing on affordable fashion, general merchandise, and grocery for middle-income customers.

(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)

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Rising business confidence in North East sees region outpace national average

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The Business Barometer from Lloyds Bank points to signs of a turnaround in the region’s economy

The Newcastle skyline, viewed looking across from Gateshead towards the Tyne Bridge and the Glasshouse

The Newcastle skyline, viewed looking across from Gateshead towards the Tyne Bridge and the Glasshouse(Image: Newcastle Chronicle)

Business confidence in the North East rose significantly in February amid growing signs of a turnaround in the region’s economy.

The latest Business Barometer from Lloyds Banks suggests that companies in the region are reporting higher confidence in their own business prospects, as well as the wider UK economy. That saw overall confidence levels increase 15 percentage points to 55%, while a majority of businesses (57%) said they expect to increase staff levels over the next year. That finding was up 13 points on last month.

Looking ahead to the next six months, North East businesses identified their top target areas for growth as investing in their team or evolving their offering, either by introducing new products and services or entering new markets. The North East outperformed other areas of the country and scored well above national confidence levels of 44%.

The construction sector saw the strongest gains in overall confidence nationally, while manufacturing also saw a boost. But confidence for retail and service sector firms softened slightly, down two and three points respectively.

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Martyn Kendrick, regional director for the North East at Lloyds, said: “It’s encouraging to see a rise in North East business confidence, with firms in the region feeling more positive about their own trading prospects as well as the economy itself.

“It’s particularly good to see hiring and training so high on many firms’ agendas. This month, it was announced that a new MTC Training advanced manufacturing training centre was coming to Tyneside, which will play a major role in strengthening the region’s capability in a key local sector. This centre is an initiative that we’re backing, and just one of the ways we’ll be offering our support to North East businesses, of all sizes and sectors, as they continue to grow.”

Last week a separate survey suggested that growth in the UK’s private sector had gained further momentum this month, as manufacturers were boosted by the biggest surge in export orders since 2021. But the S&P Global flash UK composite purchasing managers’ index (PMI), which is watched closely by economists, also pointed to continuing job losses. Unemployment recently reached a 10-year high in the North East.

Hann-Ju Ho, senior economist at Lloyds Commercial Banking, said: “It’s encouraging to see optimism in the wider economy returning, although with a small reduction in firms’ confidence in their own trading prospects. The majority of the survey results were collected following the Bank of England’s close decision to hold interest rates at its February meeting, signalling potential easing ahead, which may have alleviated business concerns, including those around cost pressures.

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“While the rise in pricing expectations to a six-month high may indicate firms are looking to rebuild their margins in 2026. It’s also great to see confidence increase for manufacturers and construction firms as they are key for UK growth.”

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