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Tag: Warner Bros

Entertainment featured

Netflix pulls out of Warner Bros. bid, Paramount takes lead

Netflix has dramatically withdrawn from the prolonged bidding war for Warner Bros. Discovery, positioning Paramount Global, backed by Skydance, as the leading contender to acquire the media conglomerate and its key assets, including CNN. Netflix confirmed it has “declined to raise its offer for Warner Bros.” after the WBD board determined that Paramount had tabled […]

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Netflix criticises Paramount’s $108bn bid for Warner Bros Discovery

Netflix has criticised Paramount’s $108 billion bid for Warner Bros Discovery, saying the rival studio is already saddled with quite a lot of debt. The streaming giant’s co-chief executive, Greg Peters, said this while speaking to Financial Times, stating that Paramount’s offer “doesn’t pass the sniff test,” adding that most WBD shareholders have yet to […]

Warner Bros loses nearly 2m subscribers after rebrand
Tech

Warner Bros Board urges shareholders to reject Paramount bid

The Warner Bros. Discovery board on Wednesday unanimously recommended that shareholders reject Paramount Skydance’s takeover offer and instead support what it called a “superior” proposal from Netflix. Last week, Paramount made a hostile bid for WBD, offering $30 per share in an all-cash deal directly to shareholders. Paramount Skydance CEO David Ellison contends that the […]

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