US EditionNetflix-Warner Bros deal could offer viewers relief from subscription fatigue
Paramount's all-cash $108 billion bid for Warner Bros. Discovery, backed by Larry Ellison, challenges Netflix's $83 billion offer with a proxy fight and extended tender deadline.
- On Jan. 20, Netflix switched its $82.7 billion offer to an all-cash bid at $27.75 per share, while Paramount Skydance extended its tender deadline to Feb. 20.
- Earlier this week, Netflix revised its bid to $27.75 per share, valuing Warner's studio and HBO Max at about $83 billion, while Paramount Skydance maintains a $30-per-share offer at $108.4 billion.
- Market signals show that roughly 168.5 million WBD shares have been tendered out of 2.48 billion outstanding, while Netflix stock has slid about 30% amid takeover turmoil.
- Warner accelerated its shareholder timetable with a special shareholder meeting by April, while Paramount Skydance filed proxy materials vowing a proxy fight against the Netflix deal.
- Longer term, scrutiny of the Discovery Global spinoff and U.S. and European regulators could trigger antitrust scrutiny, while Paramount Skydance has discussed raising its offer to $33 per share, potentially lifting the deal value toward $170 billion.
45 Articles
45 Articles
Paramount Warner Bros. Showdown Intensifies as Skydance Extends Hostile Takeover Deadline
The battle for Warner Bros. just escalated again, with Paramount Skydance formally extending the deadline on its hostile takeover bid, signaling that David Ellison has no intention of backing down—despite repeated rejections from WBD’s board and an increasingly entrenched rival deal with Netflix. Paramount Skydance announced that it has extended the expiration date of its all-cash tender offer for Warner Bros. Discovery shares to February 20, 20…
Netflix's Greg Peters Says Paramount's Warner Bros Bid Has No Chance Without Larry Ellison, Calls Debt Plan 'Pretty Crazy' - Netflix (NASDAQ:NFLX)
Netflix co-CEO Greg Peters dismissed Paramount Skydance's $108 billion bid for Warner Bros. Discovery as unrealistic without Larry Ellison's backing, calling its debt-heavy structure "pretty crazy" as Netflix pushes a lower, all-cash offer amid looming regulatory and Hollywood scrutiny.
Netflix says Paramount bid 'doesn't pass sniff test' as Warner battle intensifies, FT reports
Jan 23 : Netflix co-chief executive Greg Peters said the company is on track to win the backing of Warner Bros Discovery shareholders for its $82.7 billion offer for the company's film and television studios, adding that Paramount's rival bid "doesn't pass the sniff test", the Financial Times reported on Friday.
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