US EditionWarner Bros Discovery rejects Paramount offer, source says, company ponders sale options
- On Oct 21, Warner Bros. Discovery's board rejected a nearly $60 billion offer, and Paramount Skydance's $24 per share bid was rebuffed after an earlier $20 offer.
- WBD said it had launched a strategic review after Paramount's initial offer of around $20 per share was rejected before the higher $24 bid and plans a split by next year.
- Deal economics matter because any buyer would assume roughly $35 billion debt, and shares of Warner Bros. Discovery have surged more than 46% since early September amid takeover reports.
- The board will consider options that include a full sale or a planned separation, and Comcast is likely to examine Warner Bros. Discovery's assets but would face antitrust hurdles in Washington.
- The price to acquire WBD has climbed since the Aug. 7 close of Paramount-Skydance, and analysts say David Ellison's backing by Larry Ellison gives him firepower while attracting Netflix, Amazon and Apple.
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Paramount Skydance is in the lead for the Warner Bros Discovery deal. Here’s why
David Ellison’s Paramount Skydance is seen as the top contender to buy Warner Bros Discovery, with analysts and experts saying the tech scion’s access to deep pockets and Washington ties give him an edge in what could be the media industry’s biggest merger in years. Fresh off the Paramount-Skydance deal in August, the newly minted media mogul is eyeing one of Hollywood’s prized assets that is home to HBO, Warner Bros Studio and a streaming unit …
Apple is considering buying HBO owner Warner Bros. to bolster its streaming catalog
Apple has reportedly shown an interest in buying media giant Warner Bros., likely to add its content to Apple TV. But there's competition, with Amazon and Paramount also in the race.MaxThat's according to current Warner Bros. CEO David Zaslav after he briefed the company's senior executives about the plans. Bloomberg reports that Warner Bros. has already turned down two bids from Paramount Skydance because the figures were too low.The report not…
What Happens if Paramount Acquires Warner Bros. Discovery? HBO Max-Paramount+ Combination, Huge Layoffs and More
David Ellison's Paramount Skydance wants to acquire Warner Bros. Discovery, which says it's evaluating multiple options. Here's what a combined Paramount-WBD would look like.
Warner Bros. explores sale amid Paramount bids
What happenedWarner Bros. Discovery said Tuesday it was fielding “unsolicited interest” from “multiple parties” and had initiated a “review of strategic alternatives to maximize shareholder value.”The announcement was the “first acknowledgement of a (metaphorical) ‘For Sale’ sign hanging from the iconic WB water tower,” The Hollywood Reporter said.Who said whatThe media giant, home to iconic brands like HBO and DC Studios, said earlier this year…
Warner Bros. Discovery Rejects Second Paramount Skydance Bid as Zaslav Raises the Stakes in Negotiations
Warner Bros. Discovery (WBD) has turned down a second acquisition bid from Paramount Skydance. The updated bid—valued at roughly $24 per share, up from the initial $20 offer—was swiftly rejected by CEO David Zaslav, signaling that WBD isn’t looking for a quick sale. The post Warner Bros. Discovery Rejects Second Paramount Skydance Bid as Zaslav Raises the Stakes in Negotiations appeared first on That Park Place.
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