Netflix Reportedly Interested in Buying Warner Bros. Discovery After Paramount Eyes Bid
Paramount Skydance, backed by Larry Ellison, plans a $22-$24 per share cash-heavy offer for Warner Bros. Discovery, intensifying competition with Netflix and others amid media consolidation.
- Warner Bros. Discovery revealed its intention to divide its streaming and studio operations from its worldwide TV networks to provide more distinct financial reporting and enhance shareholder value.
- This move comes amid rapid media consolidation, highlighted by the August merger of Paramount and Skydance and interest from Comcast and Netflix in WBD.
- Paramount-Skydance is reportedly considering a mostly cash bid for Warner Bros. Discovery, estimated to be between $22 and $24 per share, with partial financial support from Larry Ellison.
- Netflix CEO Ted Sarandos appeared recently with WBD chief David Zaslav, adding weight to serious talks about Netflix acquiring WBD’s studio and streaming segments despite integration challenges.
- Such an acquisition could boost Netflix’s content and theatrical reach, but WBD’s debt and regulatory hurdles suggest the deal could take significant time to complete.
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Paramount Skydance could soon add HBO, CNN, and DC Studios to its empire
With the ink barely dry on its deal to buy Paramount, Skydance is reportedly already looking to roll up another major entertainment company. Paramount Skydance is working on an offer to buy Warner Bros. Discovery, a media mega-brand that owns disparate brands ranging from CNN and DC Studios to HBO. CNBC reports that the mostly-cash bid would price Warner Bros. Discovery at around $22 to $24 per share. Skydance, now Paramount Skydance, was founde…
Netflix Reportedly Interested in Buying Warner Bros. Discovery After Paramount Eyes Bid
Whispers that Netflix might consider buying Warner Bros. Discovery (WBD) moved from rumor to serious conversation last week after Puck said Netflix was being discussed as a potential bidder alongside other suitors. The tip, published as part of Puck’s “In the Room” coverage, notes industry chatter that followed David Ellison’s cash bid and even a […] The post Netflix Reportedly Interested in Buying Warner Bros. Discovery After Paramount Eyes Bid…
Netflix Eyes $40B Warner Bros. Discovery Acquisition for DC, Harry Potter Boost
In the ever-consolidating world of media and entertainment, a fresh wave of speculation has emerged around Netflix Inc.’s potential interest in acquiring Warner Bros. Discovery Inc., a move that could reshape the dynamics of content creation and distribution. Reports surfaced late this week suggesting that Netflix, the streaming behemoth with over 270 million subscribers worldwide, is contemplating a bid for Warner Bros., following earlier murmu…
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