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Paramount Makes $108.4 Billion Hostile Bid for Warner After Losing Bidding War to Netflix
Paramount offers $30 per share in an all-cash $108 billion bid, claiming it provides faster certainty and preserves Warner Bros. Discovery's assets, surpassing Netflix's $82.7 billion deal.
- On Monday, Paramount Skydance launched a $30-per-share all-cash tender offer valuing Warner Bros. Discovery at about $108.4 billion, taking the bid directly to Warner shareholders.
- After losing to Netflix, Paramount said it launched a hostile bid following a months-long bidding war won by Netflix last Friday with a $72 billion, $27.75 per share deal for Warner Bros. Discovery.
- With $54 billion in committed debt from Bank of America, Citi and Apollo Global Management, and equity backers including the Ellison family, RedBird Capital, and Middle Eastern sovereign funds, Paramount said its bid offers $18 billion more cash to shareholders.
- Shares immediately reacted as markets and politicians weighed in: Warner Bros. Discovery said it will 'carefully review' Paramount's offer but keeps Netflix deal, while regulators including DOJ and FTC face the $5.8 billion Netflix breakup fee, and President Donald Trump said he would assess competition concerns.
- Critics warned that bipartisan lawmakers and Hollywood unions fear job losses and higher prices, while Paramount argued the merger would strengthen competition and benefit creators and theatres amid regulatory scrutiny.
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The struggle between two giants of the audiovisual industry like Netflix and Paramount Skydance to buy Warner Bros.
Backed by Donald Trump's son-in-law, the newly formed media giant Paramount Skydance has made a "hostile bid" to stop the streaming company Netflix's purchase of one of Hollywood's most prestigious film companies - Warner Bros Discovery. US President Donald Trump may ultimately be the one to decide.
·Stockholm, Sweden
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Netflix and Paramount have engaged in a bidding war to acquire the Hollywood studio. Both want to convince shareholders.
·Netherlands
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A billion-dollar deal is underway: Paramount offers more than Netflix for Warner Bros. The decision is imminent.
Coverage Details
Total News Sources600
Leaning Left91Leaning Right54Center158Last UpdatedBias Distribution52% Center
Bias Distribution
- 52% of the sources are Center
52% Center
L 30%
C 52%
R 18%
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