Next shoe in Netflix-WBD saga drops
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Paramount Submits Hostile Bid for WBD After Trump Says Netflix Deal Could Be a 'Problem'
For Netflix's offer to proceed, WBD's cable networks must spin off into a separate publicly traded company by Q3 2026. Netflix also needs regulatory and WBD shareholder approval. Paramount argues that Netflix's deal is unlikely to be approved, whereas its own should go through.
The competition for Warner Bros. Discovery between Netflix and Paramount is set to be one of the most-watched business stories as it perfectly hits the intersection of business, finance, politics, and entertainment.
The Paramount Skydance CEO writes that his $30-a-share hostile bid is superior to Netflix's "across every dimension
Larry and David Ellison have a good relationship with Donald Trump. Is that enough to get him to kill Netflix's deal to buy Warner Bros. Discovery?
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Paramount Sees Massive Cost Synergies In A WBD Merger Even After Years Of Cuts At Both Companies
Paramount sees up to $6 billion in cost savings in a Warner Bros Discovery merger by eliminating “duplicative operations."
And of son-in-law Jared Kushner's role in Paramount's bid, the president says he's "never spoken with him about it."
If Netflix can complete its $82.7 billion deal to acquire Warner Bros. Discovery, it will be a lot bigger but not necessarily a lot better for consumers — or for the streaming landscape the
Netflix's stock rose slightly after it announced a deal to acquire Warner Bros. Discovery's studios and HBO Max -- while investors pushed WBD stock to its highest levels in more than three years.
Comcast made multiple offers for Warner Bros. Discovery's streaming and studio assets before Netflix was deemed the winning bidder.
Stock index futures rose on Monday as investors positioned themselves ahead of Wednesday’s crucial Federal Reserve meeting. Here are four stocks to watch on the day:
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WGA president says guild has no 'preferred winner' in WBD bidding war: 'Whoever wins, writers lose'
WGA West president Michele Mulroney doubled down on the guild's statement amid the news that Paramount Skydance launched a hostile takeover bid to combat the Warner Bros. Discovery-Netflix mega-deal.