US EditionWarner Bros rebuffs Paramount takeover approach, Bloomberg News reports
Warner Bros. CEO David Zaslav expects a higher premium after splitting streaming and studios from debt-heavy cable networks, rejecting Paramount’s $20-per-share offer valued below $42 billion.
- Warner Bros Discovery rejected an initial takeover bid from Paramount Skydance, valuing the company at around $20 per share, deeming the offer too low.
- Paramount Skydance, under the leadership of David Ellison following an $8 billion merger with Skydance Media, is determined to pursue Warner Bros Discovery.
- Paramount has been in discussions with Apollo Global Management, an alternative asset manager, to secure financial support for its takeover attempt of Warner Bros Discovery.
55 Articles
55 Articles
Rumor: Skydance Buying Warner Bros. Discovery Would Lead To The Ouster Of David Zaslav And James Gunn
Warner Bros. rejected the first offer by Paramount and Skydance’s David Ellison, but the bids are coming. Along with them is speculation of what will become of Warner CEO David Zaslav and DC Studios Co-President James Gunn in the aftermath of a deal being finalized. Unfortunately, if one is struck, things don’t look good for either man long-term. Paramount Skydance CEO David Ellison: We want to be the most technologically capable media company v…
Paramount considering a hostile takeover of Warner Bros. Discovery
Link URL: https://www.wsj.com/business/media/paramount-circling-warner-bros-discovery-after-rebuffed-approach-64d8d825 Comments URL: https://tildes.net/~tv/1qpb/paramount_considering_a_hostile_takeover_of_warner_bros_discovery Votes: 9 Comments: 4
Warner Bros Reportedly Rejects Initial Paramount Takeover Offer — But David Ellison Isn't Done Yet
Hollywood’s next great media merger may have just hit its first major snag. According to a detailed report from Bloomberg, Warner Bros. Discovery has officially rejected Paramount Skydance’s initial offer to purchase the company — a bold move that signals confidence from Warner’s leadership and a potential bidding war ahead. The post Warner Bros Reportedly Rejects Initial Paramount Takeover Offer — But David Ellison Isn’t Done Yet appeared first…
Los Angeles Times
Warner Bros. Discovery sale talks heat up after initial Paramount bid rejected
The Larry Ellison family wants to buy Warner Bros. Discovery to bulk up Paramount, the smallest of the major media companies, but the two sides haven't yet agreed on a price.
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