US EditionWhat to Know About Bidding War Between Netflix and Paramount for Warner Bros.
Warner Bros. considers Netflix’s buyout offer superior and urges shareholders to reject Paramount’s hostile takeover bid amid ongoing acquisition battle.
- On Wednesday, Warner Bros. board urged shareholders to back Netflix's $72 billion sale offer and reject Paramount Skydance's hostile bid.
- After Netflix's bid, Paramount Skydance launched a rival hostile $108.4b offer, with the $82.7b deal still unfinalised, amid a fierce corporate battle.
- Netflix's content slate and scale reveal it holds 20% of U.S. on-demand subscriptions, outpacing HBO Max's 13% and Paramount+'s 7%, while Warner Bros. Discovery is about $70 billion versus Paramount Skydance's $14 billion.
- A merger could prompt the U.S. Justice Department to review and possibly block the deal, while new ownership of Warner properties would reshape movie‑making, streaming platforms, and trade groups warn of job losses.
- Antitrust experts say Jim Speta expects both companies to argue a merger is needed to compete with YouTube, while industry insiders cite Ted Sarandos's comments raising concerns about theatrical releases and Pierce Brosnan warned it could create `one dominant force` in entertainment.
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34 Articles
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The NewsLawmakers on both sides of the Capitol are preparing for possible hearings on Netflix and Paramount’s battle for Warner Bros. Discovery — but the type of legislation that could stop or alter any deal is very likely out of reach.As the WBD fight gets nastier, Congress is already weighing oversight of a merger that will take at least a year to close, transforming the US entertainment industry in the process. Atop the Senate Judiciary Commi…
The Independent
The Independent (US)Pierce Brosnan says Netflix’s ‘unsettling’ Warner Bros deal not ‘culturally right’
‘Thursday Murder Club’ actor said he has witnessed cinemas ‘evaporating from the landscape’ where he lives in both California and London
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