2 weeks ago - Under the terms of the agreement, each WBD shareholder will receive $23.25 in cash and $4.501 in shares of Netflix common stock for each share of WBD common stock outstanding at the closing of the transaction. The transaction values Warner Bros.

1 week ago - Co-CEO Greg Peters said they recognize the Netflix deal came as a shock but called the Warner Bros. studio and HBO Max content complementary to Netflix's business. Co-CEO Ted Sarandos said the acquisition would protect jobs at a time when layoffs have been rampant across media: "In the offer that Paramount was talking about today, they also were talking about $6 billion of synergies.

3 days ago - Netflix had emerged victorious on Friday from a weeks-long bidding war with Paramount and Comcast, securing a $72 billion equity deal for Warner Bros Discovery's TV, film studios and streaming assets.

1 day ago - When Warner Bros put up a for-sale sign, Paramount launched an eager campaign to buy the company. But the studio ultimately announced a deal with Netflix.

2 days ago - Reps for the Ted Sarandos and Greg ... deal estimated to take 12 to 18 months to close, WBD will move ahead with a previously planned split of the company into Warner Bros....

1 week ago - Paramount was widely expected to be the frontrunner for Warner Bros. But WBD opted instead for Netflix, which it said offered a more lucrative deal.

13 hours ago - Netflix emerged victorious in the bidding war and announced its deal with WBD to acquire its streaming and studios division (which includes assets like Warner Bros., HBO/HBO Max, DC Studios/DC Entertainment, and the company's media library) ...

2 days ago - Netflix announced last Friday its intention to acquire Warner Bros., HBO and its streaming business HBO Max, in an $82.7 billion deal. But that deal is being contested by Paramount, which announced Monday that it was launching a hostile bid ...

3 days ago - ForbesNetflix Acquiring Warner Bros. Resets Streaming And Media’s Power MapBy Shann Biglione ... To wit, Paramount and Skydance completed an $8 billion merger earlier this year, putting the owner of CBS and onetime cable television behemoths MTV and VH1 under the purview of Ellison, the billionaire founder of Skydance.

1 week ago - Netflix announced an $83 billion deal to buy a big part of Warner Bros. Discovery on Friday, in an agreement approved by the boards of both companies. In a news release on Monday, Paramount went around the Warner Bros.

4 days ago - Paramount's move was prompted by ... by media reports. Netflix's proposal includes Warner Bros' studio and streaming networks, leaving the rest of the company to be spun off as an independent company....

3 hours ago - Meanwhile, I discussed a call with Netflix executives where Wall Street analysts also seemed to be struggling to wrap their heads around the deal. And then of course there’s Paramount’s competing hostile bid — whatever happens, Warner Bros.’ days as a standalone company seem to be numbered.

1 week ago - In the deal agreed to with Netflix co-chiefs Ted Sarandos and Greg Peters, Warner Bros., HBO and HBO Max will go to the streaming giant while WBD’s embattled cable networks division (TNT, CNN, HGTV, the Food Network and Discovery) will be ...

1 week ago - Warner Bros. Discovery, Inc. (NASDAQ: WBD) ("WBD") for ... Paramount's proposed transaction is for the entirety of WBD, including the Global Networks segment. Paramount's strategically and financially compelling offer to WBD shareholders provides a superior alternative to the · Netflix (NASDAQ: ...

3 days ago - The streamer that has upended traditional Hollywood is planning to join the ranks of studio owners with an $87.2 billion agreement to acquire Warner Bros. and HBO Max. Netflix had managed to outflank David Ellison’s Paramount Skydance, which ...

6 days ago - Paramount launches $108.4bn hostile bid for Warner Bros Discovery ... US federal antitrust laws allow consumers to sue over mergers and acquisitions, separate from any federal regulatory agency lawsuit, though such cases face high legal hurdles.