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Warner Bros says Paramount bid superior, countdown begins for Netflix response
Paramount’s $31-per-share cash offer includes $7 billion regulatory protections and financing commitments, prompting a four-day window for Netflix to respond, Warner Bros. Discovery said.
- Warner Bros. Discovery's board determined that Paramount Skydance's revised bid of $31 per share is superior to Netflix's offer of $27.75 per share for the company, prompting Netflix to have four business days to respond.
- Netflix's offer is for Warner Bros.' streaming and studio assets, while Paramount aims to acquire the entire Warner Bros. Discovery company, including cable channels like CNN.
- Netflix's CEO Ted Sarandos met with White House and Justice Department officials amid regulatory concerns and political pressure linked to the bidding war.
- Both deals face potential antitrust scrutiny and a competitive auction environment within Hollywood.
249 Articles
249 Articles
Hollywood Liberals Devastated As David Ellison’s Paramount Wins Warner Bros Bidding War
To say the entertainment industry leans left would be a dramatic understatement. It doesn't lean left, it pushes left with the weight of a thousand planets. For decades, Hollywood has been dominated by Democratic Party partisans, who've taken it upon themselves to inject their ideology and viewpoint into as much of their creative work as possible. Celebrities have campaigned, almost exclusively, for left-wing candidates. They've hosted fundraise…
Paramount agrees to acquire WBD, paying $31 per share in cash, giving WBD an enterprise value of $110B; Paramount paid a $2.8B breakup fee to Netflix (Alex Weprin/The Hollywood Reporter)
Alex Weprin / The Hollywood Reporter: Paramount agrees to acquire WBD, paying $31 per share in cash, giving WBD an enterprise value of $110B; Paramount paid a $2.8B breakup fee to Netflix — Netflix backed away from its $87.2 billion deal on Thursday. … The two companies formally unveiled the deal…
Paramount must convince regulators its deal with Warner will not hurt
Not so fast, Paramount. After a long, tumultuous fight for Warner Bros. Discovery, the Hollywood giant has finally bested rival bidder Netflix but now faces a new challenge: Winning over regulators. The competition concerns are big. Paramount’s buyout of Warner Bros. would reshape Hollywood and the wider media landscape in a way that Netflix never threatened to do. Netflix, which abruptly dropped out of the running this week, wanted only part of…
What Paramount’s Warner Bros. Win Could Mean for James Gunn, DC Studios, and the Snyderverse
Now that Netflix has conceded to Paramount in the bidding war for Warner Bros., attention has shifted to what happens next. Pending final board actions and regulatory review, Paramount is positioned to assume control of the studio and its assets, including DC Studios. David Ellison talks to Bloomberg – YouTube, Bloomberg Podcasts READ: Disney Continues to Tease Tangled Broadway Musical With the potential leadership change, some observers have fo…
Billionaires tied to Trump outbid Netflix to take over CNN’s parent company, and their vision for the network is making anchors sweat
Larry and David Ellison, who are known to be close allies of President Trump, have officially won the bidding war for Warner Bros. Discovery, the parent company of CNN. Their company, Paramount Skydance, outbid Netflix with an offer of $31 per share for the entire media conglomerate, which includes CNN, HBO, and a major Hollywood film studio. Netflix had initially agreed to a deal for just the streaming service and film studio at $27.75 per shar…
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