Netflix, Paramount and Warner Bros.
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Photos of Netflix's Ted Sarandos & Greg Peters on the Warner Bros lot sure look like guys about to handed the keys to a iconic kingdom
Warner Bros. Discovery just turned down a hostile bid from Paramount Skydance. Netflix's co-CEOs sent a letter about the decision and the deal.
Last week, Paramount launched a hostile bid for WBD, taking a $30-per-share, all-cash offer directly to shareholders. Paramount Skydance CEO David Ellison has argued the deal, which equates to an equity value of $108.4 billion, is better than Netflix's and that a Paramount-WBD combination would have better chances of winning regulatory approval.
Paramount is standing by its current proposal to acquire Warner Bros. Discovery, warning shareholders that embracing Netflix’s offer would saddle them with a “heavily indebted, sub-scale linear business.
Industry concerns over Netflix acquiring Warner Bros. has led executives to address fears regarding jobs and theatrical releases.
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Middle Eastern money raised questions about Paramount's WBD bid — but that's not why Netflix won
You might think the notion of Saudi money owning part of an American media giant would kill a deal. That's not why it's failed so far.
Reasons Warner Bros. Discovery listed for rebuffing David Ellison include an incendiary and unfortunately timed letter from Paramount's lawyers.
Netflix stock jumps after WBD backs its $82.7bn deal, but regulatory risk and dilution still loom for investors.
Netflix's Warner Bros. Discovery acquisition excludes WBD's cable assets like CNN. A look at what that means for the news network's future.
The hostile offer may outmuscle Netflix on price, but WBD’s decision hinges on competing futures: a clean reset under Paramount or a deeper strategic alignment with the world’s dominant streamer.
Wasting no time checking out their potential new home away from home, Netflix’s bosses Greg Peters and Ted Sarandos made a most awesome visit to the Warner Bros Discovery studio lot today with David Zaslav as tour guide.
WBD presented a chronology of events and meetings that occurred, leading to its deal to sell Warner Bros. studios and HBO Max to Netflix, following by David Ellison’s hostile takeover bid and the WBD board’s official rejection of the $30/share bid on Dec.