US EditionWarner Bros says Paramount bid superior, countdown begins for Netflix response
Paramount’s $31-per-share cash offer includes $7 billion regulatory protections and financing commitments, prompting a four-day window for Netflix to respond, Warner Bros. Discovery said.
- Netflix has dropped its bid to acquire Warner Bros. Discovery after the company's board declared Paramount's offer a superior proposal.
- Paramount's bid values Warner Bros. Discovery at $31 per share, totaling about $108 billion and includes financing commitments and a $7 billion termination fee.
- The deal would place media properties including HBO Max, CNN, and Paramount+ under Paramount's control, led by David Ellison and supported by Larry Ellison.
- CNN staffers expressed fear and uncertainty about the acquisition, citing concerns over potential job losses and editorial changes under the new ownership.
249 Articles
249 Articles
Hollywood Liberals Devastated As David Ellison’s Paramount Wins Warner Bros Bidding War
To say the entertainment industry leans left would be a dramatic understatement. It doesn't lean left, it pushes left with the weight of a thousand planets. For decades, Hollywood has been dominated by Democratic Party partisans, who've taken it upon themselves to inject their ideology and viewpoint into as much of their creative work as possible. Celebrities have campaigned, almost exclusively, for left-wing candidates. They've hosted fundraise…
Paramount must convince regulators its deal with Warner will not hurt
Not so fast, Paramount. After a long, tumultuous fight for Warner Bros. Discovery, the Hollywood giant has finally bested rival bidder Netflix but now faces a new challenge: Winning over regulators. The competition concerns are big. Paramount’s buyout of Warner Bros. would reshape Hollywood and the wider media landscape in a way that Netflix never threatened to do. Netflix, which abruptly dropped out of the running this week, wanted only part of…
What Paramount’s Warner Bros. Win Could Mean for James Gunn, DC Studios, and the Snyderverse
Now that Netflix has conceded to Paramount in the bidding war for Warner Bros., attention has shifted to what happens next. Pending final board actions and regulatory review, Paramount is positioned to assume control of the studio and its assets, including DC Studios. David Ellison talks to Bloomberg – YouTube, Bloomberg Podcasts READ: Disney Continues to Tease Tangled Broadway Musical With the potential leadership change, some observers have fo…
Billionaires tied to Trump outbid Netflix to take over CNN’s parent company, and their vision for the network is making anchors sweat
Larry and David Ellison, who are known to be close allies of President Trump, have officially won the bidding war for Warner Bros. Discovery, the parent company of CNN. Their company, Paramount Skydance, outbid Netflix with an offer of $31 per share for the entire media conglomerate, which includes CNN, HBO, and a major Hollywood film studio. Netflix had initially agreed to a deal for just the streaming service and film studio at $27.75 per shar…
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