Deals & M&A
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Paramount Lawsuit Accuses WBD Board of ‘Misleading’ Investors, Says Cable Spinoffs Have Zero Value
After being rejected eight times by WBD, Paramount CEO David Ellison announced his intentions of starting a proxy battle
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Paramount Escalates WBD Fight, Sues Over Netflix Deal and Aims to Install Friendly Directors at Warner Shareholder Meeting
“We do not undertake any of these actions lightly,” David Ellison says in a letter to shareholders
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Donald Trump Indicates Disapproval of Netflix’s Warner Bros. Acquisition
The president shared a One America News Network article titled “Stop the Netflix Cultural Takeover” on Truth Social
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Paramount Chief Legal Officer Slams Netflix-Warner Bros. Deal: ‘Presumptively Unlawful’
The streamer’s regulatory defense has “no grounding in market or legal reality,” Makan Delrahim tells a House Judiciary subcommittee
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Department of Justice Reviewing Paramount’s Warner Bros. Discovery Bid
The regulator has requested additional information about the David Ellison-led media giant’s $108.4 billion tender offer
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Paramount Insists Its WBD Offer Is Still Better Than Netflix’s, but Doesn’t Raise Bid Above $30 Per Share
The company acknowledged Warner Bros.’ latest rejection while reaffirming its standing all-cash offer
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Warner Bros. M&A Cheat Sheet: Paramount’s Latest Rejection, a House Judiciary Hearing and Shareholder Concerns
Everyone’s also keeping an eye on Comcast spinoff Versant, down over 20% to $33.27 since its debut, as a proxy for the value of WBD spinoff Discovery Global
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Deals & M&A
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Warner Bros. Discovery Shareholder Pentwater Capital Management Says Paramount’s Revised Bid Is ‘Economically Superior’ to Netflix
The media giant’s seventh largest shareholder has penned a letter to WBD’s board accusing it of not fully engaging with David Ellison’s amended $108.4 billion bid
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Warner Bros. Discovery Remains ‘Very Open’ to Paramount Deal Despite 8th Rejection, Board Chair Says
Samuel Di Piazza Jr. pushed back against criticism the media giant is shifting the goal posts after rejecting David Ellison’s revised $108.4 billion offer, arguing “nothing is further from the truth”
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Warner Bros. Discovery Rejects Paramount’s Amended $30 Per Share Bid Over ‘Insufficient Value’ and ‘Lack of Certainty’
The board says the revised $108.4 billion bid continues to offer “significant costs, risks and uncertainties” compared to its $83 billion deal with Netflix
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Versant Stock Plunges 13% in Nasdaq Debut
The company, which houses USA Network, MS NOW, CNBC and more, completed its spinoff from Comcast on Friday
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How Major Entertainment Companies’ Stocks Performed in 2025
Netflix is down. Disney holds steady. Warner stock is soaring due to a bidding war
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The Funding File: The Biggest M&A and VC Deals in Media and Entertainment in 2025
A sleepy start and big finish was the story for media M&A (thank you Warner Bros. Discovery), and AI was the spark for lots of venture capital investments into startups
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Deals & M&A
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Warner Bros. Plans to Reject Paramount’s Latest Bid Despite Larry Ellison’s ‘Irrevocable Personal Guarantee’
Paramount adjusted its hostile takeover bid last week to reassure shareholders of its financing and raise its breakup fee to $5.8 billion
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Warner Bros. Bidding War, Paramount-Skydance Merger Headline an Active Year of Media M&A
Industry consolidation and dealmaking focused on building cross-platform scale will be major themes in 2026 and beyond, experts tell TheWrap
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