Warner Bros. Discovery Rejected 3 Paramount Offers
Digest more
Three of the rumored potential buyers for entertainment titan Warner Bros. Discovery are tech companies. Netflix, Amazon, and Apple are all interested in buying Warner Bros. Discovery as a whole or acquiring pieces of the company, like its content libraries and production assets, according to Bloomberg.
The Writers Guild of America came out swinging on Thursday against a merger between Warner Bros. and any other studio, saying such consolidation would be a “disaster” for writers. The statement comes two days after Warner Bros.
The Paramount Skydance CEO is “undeterred” after WBD rebuffed his first three offers, sources say, and Ellison’s allies are privately arguing he’s the only buyer who’d pass muster with Trump administration regulators.
The Writers Guild of America, which represents screenwriters and newsroom staffers, said it will oppose a deal combining Paramount Skydance Corp. and Warner Bros. Discovery Inc.
Warner Bros. Discovery has launched a formal auction of the media giant, with bankers at JPMorgan and Allen & Co. combing through expressions of interest from multiple suitors – including one
1don MSN
Warner Bros. Discovery Contemplates Sale of Entire Company. Here's What That Means for Investors.
Warner Bros. Discovery now has a market cap of $51 billion, but it carries a massive debt burden from AT&T 's acquisition of Time Warner, so its enterprise value, which includes debt, is $85 billion, which is effectively the cost of buying the company at the current stock price.