Paramount, Netflix and Discovery
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As Netflix and Paramount fight for Warner Bros. Discovery, the fate of the giant media company could rest on the value of its cable networks.
The offer to shareholders comes days after Warner Bros. agreed to sell its streaming and studio business to Netflix.
Paramount Skydance has launched a hostile bid to buy Warner Bros. Discovery. It comes after Netflix announced a merger with Warner Bros. Dec. 5.
Disney CEO Bob Iger declined to take a formal position on whether he is team Netflix or Paramount in the battle for control of Warner Bros. Discovery. But he had a lot to say about what regulators should be looking at,
President Trump’s unusual decision to involve himself in the government’s review of the deal puts his antitrust chief in an awkward position.
BANGKOK (AP) — Paramount Skydance says the Chinese gaming and social media giant Tencent Holdings withdrew from its bid to buy Warner Bros Discovery to avert a possible national security review.
David Ellison fought hard to win Warner Bros. Discovery. But despite his strenuous efforts, he lost out to Netflix — and now Ellison is switching from carrots to sticks: Paramount Skydance is taking its case directly to shareholders in a hostile takeover bid for WBD.