Netflix amends Warner Bros deal to all-cash offer to keep Paramount at bay| Business News

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 is expected to reject Paramount bid for Netflix’s, despite Larry Ellison’s offer| Business News

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 […]

Warner Bros fight heats up with Paramount’s $108 billion hostile bid| Business News

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 […]