Paramount Skydance on Monday launched a hostile, $108.4 billion bid to buy Warner Bros. Discovery (WBD), days after Warner agreed to be acquired by Netflix for $82.7 billion. Paramount is going straight to WBD’s shareholders with an all-cash offer of $30 per share, and it noted that its offer provides shareholders $18 billion more cash …
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Netflix is buying Warner Bros: All of the latest updates
After a bidding war that reportedly also involved Paramount, Comcast, Amazon, and Apple, on December 5th, Netflix struck a deal to buy Warner Bros. for $82.7 billion, buying the studio, HBO / HBO Max, Warner Games, and more, while leaving cable and sports assets, including CNN, TNT Sports, and the Discovery channels out. There are …
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Netflix CEO made a visit to the White House before buying Warner Bros.
In November, Ted Sarandos, Netflix’s co-CEO made a trip to the White House for a lengthy meeting with Donald Trump. According to Bloomberg, the two discussed a number of topics, but chief among them was Netflix’s plan to bid on Warner Bros. At the end of their conversation, Sardonos felt that “Netflix wouldn’t face immediate …
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Netflix co-CEO reportedly discussed Warner Bros. deal with Trump
Will Netflix’s $82.7 billion deal to acquire Warner Bros. get approval from federal regulators? While Paramount was assumed to be the frontrunner to acquire the storied movie studio thanks to CEO David Ellison’s connections to the Trump administration, new reporting in Bloomberg and The Hollywood Reporter suggests that Netflix co-CEO Ted Sarandos met with President …
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No One Is Happy About Netflix Buying Warner Bros.
On Thursday night, news broke that Netflix is looking to buy Warner Bros. Discovery for $83 million. And on Friday morning, the agreed-upon verdict was that this is going to suuuuuuuuuuck. All over the internet, the news elicited reactions of dismay, shock, and anger at one of the longest-running companies in Hollywood history going up …
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How would the Netflix-Warner Bros. deal reshape Hollywood?
It’s only been a day since Netflix announced an $82.7 billion deal to acquire Warner Bros., and the acquisition has already been described as sending Hollywood into “full-blown panic mode,” possibly delivering “a death blow to theatrical filmmaking,” and maybe even heralding “the end of Hollywood” itself. Some of the firmest opposition has come from …
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