US EditionNetflix Bid for Warner Bros Draws Antitrust Warnings From GOP Lawmakers
Netflix leads $70 billion bid for Warner Bros streaming and studio assets, facing investor concerns over debt, integration challenges, and Federal Trade Commission scrutiny.
- On Dec. 1, Netflix emerged as the frontrunner to acquire Warner Bros. Discovery's streaming and studio assets with a sweetened, mostly cash proposal.
- Differing strategies emerged, with Paramount Skydance aiming for the entire Warner Bros. Discovery, while Comcast and Netflix focused on streaming assets, with Comcast improving its offer to $27 t to $28 per Warner share.
- Investors warned the deal requires heavy borrowing despite Netflix's $9 billion free cash flow projection for 2025 and poses integration challenges merging 300 million and 128 million subscribers.
- Regulators including the Federal Trade Commission will examine the deal closely, potentially blocking it and crimping buybacks while pressuring operating margins at 28%.
- Market reaction turned negative after leaked bid details sparked selloffs, and Netflix co-founder and chairman Reed Hastings disclosed on Tuesday he sold shares on Monday.
29 Articles
29 Articles
thepress.net
Netflix bid for Warner Bros draws antitrust warnings from GOP lawmakers
(The Center Square) – Netflix’s attempt to buy major assets from Warner Bros Discovery is already facing criticism from Republican lawmakers who say the proposed deal could raise significant antitrust concerns.
Netflix is leading bidder for Warner Bros. Discovery: Sources
CNBC's David Faber calls the "Squawk on the Street" team to discuss what sources are telling him about the bidding for Warner Bros. Discovery. Paramount's bid for Warner Bros. Discovery is 100% cash while Netflix's bid is believed to be 85% cash, according to sources.
Netflix Leads Warner Bros Bid. Be Careful What You Wish For?
The bidding war for entertainment giant Warner Bros. Discovery (NASDAQ:WBD) could be entering the home stretch. The Dec. 1 deadline for second-round binding offers arrived, and Netflix (NASDAQ:NFLX) has emerged as the leader on the strength of a sweetened, mostly cash proposal and a strong relationship between the company CEOs. Rivals including Paramount Skydance (NASDAQ:PSKY) and Comcast ... Netflix Leads Warner Bros Bid. Be Careful What You Wis
Netflix Shares Dip Amid Prospect It Could Win Warner Bros. Discovery Bidding War
Netflix increasingly appears to be a real contender in the Warner Bros. Discovery bidding war, and that prospect may be making some on Wall Street nervous. Shares of Netflix slipped 5.3% to $103.48 on Wednesday afternoon as speculation has arisen that WBD’s board has warmed to the idea of Netflix as an acquirer. The streaming giant is only interested in the streaming and studio assets of WBD, unlike Paramount, which wants the entire company. Add…
Oooh. Are You Scared Now, Sarandos?
FIGHTING WORDS Paramount and David Ellison, right, claim Warner Bros. is negotiating in bad faith to the benefit of Ted Sarandos, left, and Netflix. (The Ankler illustration; image credits below)ShareSubscribe nowWelcome to the Jamboree, my weekly takes on the industry’s passing parade.This deal gets crazier and crazier.As we were heading to press, ready to pound the table about how wrong it is for Warner Bros. to get sold off to another studio …
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