US EditionNetflix Enters Exclusive Talks to Acquire Warner Bros. Discovery: Report
Netflix leads a multi-billion-dollar bidding war to acquire Warner Bros. Discovery studios and HBO Max, offering a $5 billion breakup fee amid regulatory scrutiny.
- On Dec 4, Reuters reported Netflix has entered exclusive talks to acquire Warner Bros. Discovery's film and television studios and HBO Max, emerging as the top bidder.
- After rejecting an initial $19 offer in September, WBD put assets on the block in October following three offers from Paramount, prompting a bidding war with Comcast and Netflix earlier this week.
- CNBC reported Netflix's proposal was largely cash, roughly 85%, valued at about $28 per share, and included a $5 billion breakup fee, Bloomberg reports said.
- U.S. regulators are expected to scrutinize the deal closely, with Cinema United warning a Netflix acquisition risks removing about 25% of the annual domestic box office.
- Reports say the companies could announce an agreement within days as they progress through exclusive talks and due diligence, and if completed, Netflix would steward Warner Bros. IP while WBD spins off linear TV assets including CNN, TNT, TBS.
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Netflix entered into exclusive discussions with Warner Bros Discovery to buy the company's film and television studio, as well as HBO Max's streaming service, reports the magazine Variety. If the parties reach...
Netflix wins the bidding war for Warner Bros.
Netflix is poised to purchase Warner Bros.’ studio and streaming business after being selected as the winner of the bidding war for the media giant. The two companies will now move forward into exclusive deal talks, TheWrap reports, likely including a $5 billion break-up fee in case regulators block the buyout. Netflix reportedly offered $30 a share for the studio and its streaming assets, which include HBO Max and the rights to brands including…
Netflix presented the highest offer so far for Warner Bros.'s studio and streaming assets. Discovery, according to people familiar with the confidential process. Netflix's latest offer, presented on Thursday, valued Warner Bros. studio, HBO Max streaming service and related parts of the company at approximately US$ 28 per share, indicated the sources. Paramount also presented a new offer on Thursday, close to US$ 27 per share, added one of the s…
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