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Warner Bros. Chose Netflix over Paramount — Again. Now What?
Warner Bros. disputes Paramount's $108 billion bid financing, citing lack of unconditional guarantee and prefers $83 billion Netflix deal with similar regulatory risks.
- On Tuesday, Warner Bros. Discovery filed a letter and SEC notice urging shareholders to reject Paramount's bid as `illusory` while defending its $83,000,000,000 Netflix sale and disputing Paramount's financing claim.
- WBD argues the deal's structure leaves shareholders exposed, as Warner Bros. claimed Paramount's financing relies on a revocable trust controlled by Larry Ellison, with no full guarantee received.
- Affinity's withdrawal and reported $200,000,000 check highlight regulatory questions, as WBD noted Netflix's $5,800,000,000 breakup fee versus Paramount's $5,000,000,000.
- Paramount has taken its offer directly to Warner Bros. Discovery shareholders, and a shareholder vote is not expected before April, raising the prospect of a drawn-out shareholder campaign.
- Political and national-security scrutiny has intensified as Paramount's bid involves sovereign wealth funds controlled by Saudi Arabia, Qatar, and the United Arab Emirates, Warner Bros. said.
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Warner Bros. chose Netflix over Paramount — again. Now what?
Warner Bros. Discovery has officially rejected Paramount’s hostile takeover bid, advising its shareholders to do the same. But the battle is far from over. Let’s break down what just happened and what to expect next.
·Atlanta, United States
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ledauphine.comReposted by 
leprogres.fr
leprogres.frTV and film group Paramount Skydance had submitted on Monday a counteroffer for its competitor Warner Bros Discovery (WBD), three days after the announcement of a buy-back agreement between WBD and Netflix.
Warner Bros Discovery rejected Paramount's $108.4 billion takeover bid on Wednesday.
·Estonia
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Total News Sources44
Leaning Left2Leaning Right1Center21Last UpdatedBias Distribution88% Center
Bias Distribution
- 88% of the sources are Center
88% Center
C 88%
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