US EditionWarner Bros. Rejects Paramount’s Hostile Bid, Accuses Ellison Family of Failing to Put Money Into the Deal
Netflix leaders toured the Warner Bros. lot to support their $82.7 billion bid after Warner Bros. Discovery's board rejected Paramount's $108 billion hostile offer.
- On Wednesday, Warner Bros. Discovery released photos showing David Zaslav walking the Warner Bros. Studio lot in Burbank with Netflix Co-CEOs Ted Sarandos and Greg Peters.
- Warner Bros. Discovery board accepted Netflix's $82.7 billion offer on Dec. 5, saying the merger agreement is binding and offers superior value for shareholders.
- Photographs captured the executives at studio landmarks as Ted Sarandos and Greg Peters met around 400 members of WBD leadership in the Warner Bros. lot's Ross Theatre, hosted by David Zaslav.
- Aiming to soothe industry worries, Netflix's chiefs framed their Warner Bros. visit as a charm offensive, with Sarandos pledging to maintain Netflix theatrical strategy and traditional windows, as he reiterated during Tuesday Paris Canal+ appearance.
- With a Jan. 8 deadline, Paramount must persuade shareholders to tender or submit a higher bid than its $108 billion offer, as U.S. Department of Justice antitrust review likely follows WBD's planned late 2026 split.
14 Articles
14 Articles
The bidder battle for the media group Warner Bros. Discovery is in full swing. Netflix wants to become a giant, and Paramount is said to have political goals. It's about the future of Hollywood and actually more.
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In Show of Force, Netflix Chiefs Visit Warner Bros. Lot Amid Battle With Paramount for Studio’s Future
As the future of the studio hangs in the balance, Warner Bros. Discovery and Netflix leaders put on a show of force Wednesday afternoon when Netflix brass paid a visit to the Warner Bros. lot in Burbank, where WBD chief executive David Zaslav gave them a guided tour. WBD released photos to media outlets late Wednesday that show Zaslav strolling the famed studio lot with Ted Sarandos and Greg Peters, who are co-CEOs of the streaming giant. “T…
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- 38% of the sources lean Left, 37% of the sources are Center
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