Netflix chief global affairs officer Clete Willems discusses the company’s planned acquisition of Warner Bros. Discovery and the Department of Justice’s antitrust probe into the deal on ‘The Claman Countdown.’ Netflix chief global affairs officer Clete Willems addressed a newly launched federal probe into the company’s proposed acquisition of Warner Bros. Discovery Monday on “The […]
Netflix Inc. reached an amended, all-cash deal to buy Warner Bros. Discovery Inc.’s studio and streaming business as it battles Paramount Skydance Corp. to acquire one of Hollywood’s most iconic entertainment companies. The Netflix-Warner Bros deal would marry two of the largest streaming providers (Netflix + HBO) with some 450 million combined subscribers. (Reuters) Netflix, […]
Warner Bros. Discovery Inc. is expected to Paramount Skydance’s hostile bid despite a $40-billion personal guarantee from billionaire Larry Ellison, CNBC reported on Tuesday. One major sticking point is Warner Bros.’ concern about financing proposed by Paramount, which is led by billionaire Larry Ellison’s son David Ellison. (Bloomberg) The decision could keep Warner Bros on […]
Oracle co-founder Larry Ellison has agreed to provide a personal guarantee of $40.4 billion of the equity financing for Paramount Skydance Inc.’s offer to acquire Warner Bros. Discovery. Oracle founder Larry Ellison. (AFP) Paramount, controlled by Ellison’s son David Ellison said the amended terms do not change the $30-per-share all-cash offer. Earlier, Netflix Inc. said […]
Netflix Inc. has refinanced part of a $59 billion bridge loan to support its potential acquisition of Warner Bros. Discovery Inc. While Netflix has the support of Warner Bros.’ board, it faces regulatory and political hurdles to get the acquisition over the line. (Reuters) The streaming giant secured a $5 billion revolving credit facility and […]
Warner Bros. Discovery Inc. is planning to reject Paramount Skydance Corp.’s hostile takeover bid due to concerns about financing and other terms, people familiar with the matter said. One major sticking point is Warner Bros.’ concern about financing proposed by Paramount, which is led by billionaire Larry Ellison’s son David Ellison. (Bloomberg) After deliberating and […]
Paramount Skydance on Monday launched a hostile bid worth $108.4 billion for Warner Bros Discovery, in a last-ditch effort to outbid Netflix and create a media powerhouse that would challenge the dominance of the streaming giant. Entertainment giant Paramount, now renamed Paramount Skydance, is attempting a hostile takeover bid for Warner Bros. Discovery worth $108.4 […]
Netflix, the company that taught us how to binge-watch, is buying Warner Bros. in a $72 billion marriage of the world’s largest streamer and one of the most storied film and television shops. Representational image. The deal—which is expected to close after Warner Bros. Discovery splits its cable networks from its studios and HBO Max […]
Netflix Inc. agreed to buy Warner Bros. Discovery Inc. in a historic combination, joining the world’s dominant paid streaming service with one of Hollywood’s oldest and most revered studios. The Warner Bros. acquisition marks an dramatic strategic shift for Netflix, which has never made a deal of this scope. (Reuters) Under the deal announced Friday, […]