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Netflix has officially agreed to pay all cash for Warner Bros. Discovery‘s studios and HBO Max business — a move aimed at thwarting Paramount Skydance’s rival takeover campaign. via: Deadline The new offer still values Warners at $27.75 per share, but it removes the $4.50 Netflix stock element, which was part of the earthshaking agreement revealed last December. Discovery Global, the parent of cable networks CNN, TNT, Food Network and many others, is not part of Netflix’s pro

A Delaware judge on Thursday rejected Paramount Skydance's (PSKY.O), opens new tab bid to speed up its lawsuit demanding that Warner Bros Discovery (WBD.O), opens new tab better explain its decision that Netflix's (NFLX.O), opens new tab proposed $82.7 billion takeover was better than Paramount's own $108.7 billion hostile bid. via: Variety On Thursday, Delaware Chancery Court judge Morgan T. Zurn dismissed Paramount’s motion to expedite the lawsuit against WBD, which seeks d

The ongoing saga between Netflix and Warner Bros. Discovery has taken another turn, with the Wall Street Journal reporting that the streaming giant is preparing an all-cash offer for the media conglomerate. The move is reportedly designed to fend off Paramount Skydance’s hostile bid while also accelerating the timeline toward closing a potential acquisition . via: Deadline The shift would come as Paramount continues to tout its hostile $30-a-share all-cash offer for Warner B

Whiny nepo baby David Ellison, who is currently running Paramount into the ground is suing Warner Bros. Discovery — in a desperate move to block Warner's $72 billion sale to Netflix. via: CBM Since it was announced that Netflix would be purchasing Warner Bros. Discovery, the David Ellison-led Paramount Skydance — which kicked off the bidding war for the studio in 2025 — has persisted in trying to get WBD to back down from the deal, submitting a hostile offer shortly after the

Paramount Skydance on Thursday reiterated that its $108.4 billion bid for Warner Bros Discovery was superior to a rival deal from Netflix, saying the value of the cable spinoff central to the streaming giant's offer was effectively worthless. via: Variety Paramount Skydance‘s David Ellison is still trying to make its case to Warner Bros. Discovery shareholders that it’s the better suitor — after WBD’s board again rejected its latest takeover offer this week. In an announcemen

Once again, Warner Bros. Discovery has chosen Netflix as its preferred suitor over Paramount. via: Variety The song remains the same: Warner Bros. Discovery has turned down the latest acquisition offer by David Ellison’s Paramount Skydance, and WBD’s board is continuing to back the company’s deal with Netflix. On Wednesday, WBD officially responded to Paramount’s latest $30/share all-cash bid for all of Warner Bros. Discovery — its eighth takeover offer to date. Paramount Sky

Exhibitors have been pushing Netflix to make a real commitment to theatrical exhibition, especially as the streamer inches closer to completing its Warner Bros. acquisition, which would come with built-in contractual obligations to filmmakers. via: CBM The news broke late last year that Netflix had officially purchased Warner Bros. as part of a deal said to be valued at $82.7 billion. This was obviously a massively significant development that will alter the face of the entir

The board of Warner Bros. Discovery is poised to reject the amended takeover offer fielded by Paramount Skydance last week as David Ellison keeps up his pursuit of the assets he sees as crucial to building a 21st century Hollywood heavyweight. via: Deadline When business revs back up next week, Warner Bros. Discovery looks set to reject Paramount’s amended hostile takeover bid due in part to concerns at the delay that could dog its planned cable spinoff if a deal falls throug

The board of Warner Bros. Discovery officially rejected David Ellison‘s $30 per share hostile bid for the company, telling shareholders that it remains “inferior” to the Netflix deal, and carries “numerous significant risks and costs on WBD.” via: Variety Warner Bros. Discovery’s board has formally said “no thanks” to the $108 billion takeover bid from David Ellison’s Paramount Skydance and unanimously reiterated its support for the Netflix deal. Following WBD’s announcement,

Word on the street is that Paramount's bid for Warner Bros. Discovery (WBD) was rejected primarily because the WBD board favored Netflix's competing offer, but Paramount's funding from Middle Eastern sovereign wealth funds (Saudi, Abu Dhabi, Qatar) and Jared Kushner's firm raised significant national security concerns for U.S. lawmakers, potentially delaying or blocking the deal, which Paramount tried to mitigate by agreeing to forgo governance rights from those investors. WB

David Ellison, the CEO of Paramount Skydance who has launched a hostile takeover bid for Warner Bros. Discovery, is urging WBD shareholders to tender their shares and “register their view with the WBD board of directors that they prefer the superior Paramount transaction,” the company said. via: CBM Though the deal isn't quite officially official (there are still a few things to iron out), it looks like Netflix will ultimately claim ownership of Warner Bros. Discovery after

David Ellison is clearly not willing to take the L after losing his bid to land Warner Bros. Discovery. via: Deadline Paramount today announced it has commenced an all-cash tender offer to acquire all of the outstanding shares of Warner Bros. Discovery for $30 per share, an operation it says equates to an enterprise value of $108.4 billion. The aggressive although not wholly unexpected move is an attempt to pry Warner Bros. out of the arms of Netflix. “The Paramount offer for

Netflix has shared an update on subscription prices and the future of HBO Max. via: Deadline Around 24 hours after Netflix came to a $83 billion deal to buy Warner Bros‘ TV and film studios, streamer HBO Max and HBO, the Ted Sarandos and Greg Peters-run streamer has sent a note to its over 82 million U.S. subscribers telling them “nothing is changing.” In fact, in links from a four paragraph email from the “Netflix team,” the phrase “nothing is changing” comes up again and ag

Netflix has entered exclusive talks with Warner Bros. Discovery to acquire the company’s film and television studio, as well as the HBO Max streaming service. via: The Wrap WBD has selected Netflix after the streaming giant offered $30 a share for the studio and streaming assets, according to two people familiar with the deal talks. The deal also includes a $5 billion break-up fee to match the terms that Paramount added with its bid. While its unclear what the makeup of the n

As the bidding war over Warner Bros. Discovery is heating up, Paramount Skydance is accusing the company of orchestrating an unfair bidding process that favors Netflix. via: World of Reel First, Fox Business’ Charles Gasparino reports  that Trump’s DOJ antitrust chief is preparing to launch a “sweeping multi-year investigation” into Netflix’s dominance and alleged monopoly over streaming. Officials appear to be “unmoved” by Netflix’s insistence that its recent lobbying effort

Paramount Skydance is reportedly preparing a bid to acquire Warner Bros Discovery. via: Variety The second round of offers for all or part of Warner Bros. Discovery are in from Paramount Skydance , Netflix and Comcast . And the new, higher offer for all of WBD from David Ellison’s Paramount is backed in part by the sovereign wealth funds of Saudi Arabia, Qatar and Abu Dhabi, sources tell Variety . The dollar amounts of the higher bids submitted Dec. 1 from Paramount Skydanc

Warner Bros. Discovery has asked bidders to submit a sweetened second round of offers by Monday, Dec. 1 . via: Variety News of Warner Bros. Discovery’s deadline for the second round of bidding was first reported by Bloomberg News. Following the submission of the new bids, the company “may enter a period of exclusive negotiations with one of the companies,” per Bloomberg’s report. The first-round offers for WBD were submitted last Thursday, Nov. 20, from Paramount Skydance, Co

Warner Bros. Discovery is about to dive into the nitty-gritty work of deciding whether to sell itself — in whole or in part. via: Deadline Multiple sources confirmed the bidding to Deadline, with the word coming as a deadline for non-binding bids arrived on Thursday. There will be another round, after the particulars are hashed out, when bidders will be asked if they want to submit final, binding offers. While it comes as little surprise, the chase for WBD promises to remake

Netflix, as part of its offer to acquire Warner Bros. Discovery’s studios and streaming biz, has pledged to continue releasing WB’s movies in theaters. via: Deadline Bloomberg reported on the news. Sources tell Deadline that it makes sense that Netflix would be required to meet filmmaker contractual obligations from movies absorbed from a potential merger. However, what happens thereafter following a Netflix purchase of Warner Bros, remains unknown. Netflix has used theatrica

Whether it is Paramount, Netflix or Comcast, Warner Bros.’ prospective acquisition by another major Hollywood studio represents a “red alert” crisis for already-struggling movie theaters that could lead to antitrust legal action or protest from global exhibitors who would suffer from fewer movies in theaters, they told TheWrap. via: CBM Another interesting development has come up regarding the sale of Warner Bros. Discovery. Paramount has been the top candidate to acquire the