US EditionWith new bids, Warner Bros. Discovery looks to narrow the auction field
Netflix leads binding second-round bids with offers focusing on Warner Bros. Discovery’s studio and streaming assets valued over $70 billion, intensifying media industry consolidation.
- After last month’s non-binding round, Netflix submitted a mostly cash, binding second-round bid for Warner Bros. Discovery’s Studio and Streaming assets.
- With WBD’s studio and IP commanding a premium, Bank of America says Warner Bros. Studio’s deep IP—Harry Potter, DC Comics, Game of Thrones—positions Warner Bros. Discovery at the epicenter of industry realignment.
- Investment bankers worked through the Thanksgiving weekend as Netflix, Comcast and Paramount submitted improved offers, with Apollo Global reportedly financing Paramount’s $25-a-share bid.
- A combined entity would outsize Disney and Amazon Prime Video , with Bank of America warning Netflix’s acquisition would be "existential" for Paramount Skydance and NBCUniversal.
- WBD shares closed at $24 on Monday, valuing the company at $59.1 billion, with Bank of America estimating a takeout at about $30 per share, as the WBD board considers various deal options.
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Candidate for Warner Bros Discovery, the streaming giant could take over "Harry Potter", "Batman", "Succession" and all HBO's treasures.
Netflix Makes Mostly-Cash Bid for Warner Bros.
The Netflix Warner Bros. saga took another sharp turn this weekend as Reuters confirmed the streamer submitted a mostly-cash bid in the second round of binding offers for WBD. However, the streaming giant may still face enormous obstacles—even if its bid is competitive. According to reporting from the New York Post, high-level government officials have already indicated that they would oppose any Netflix acquisition of Warner Bros. Discovery on …
The legendary Hollywood firm, burdened with debt, continues with a sale that could revolutionize the American media landscape
Washington, United States. Netflix presented an offer to purchase Warner Bros Discovery, a business that could transform the media landscape in the United States, according to a report known this Monday.According to Bloomberg media, the streaming giant joined Paramount Skydance and Comcast in a second round of auction during the Thanksgiving holiday. Warner Bros Discovery, HBO's parent company and CNN, officially went on sale in October after re…
The colossus of streaming combined with Paramount Skydance and Comcast (ANSA)
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