Deals & M&A
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Netflix Considers Amending Warner Bros. Deal to All-Cash Offer
The move comes as Paramount is looking to thwart the $83 billion deal with a $108.4 billion hostile takeover bid
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Banijay, All3Media Owner RedBird IMI in Advanced Talks to Merge TV Production Businesses
The move would form one of the world’s biggest production groups, bringing IP such as “Big Brother,” “Peaky Blinders” and “The Traitors” under one roof
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Mario Gabelli Urges Netflix to ‘Step Up and Clarify’ $83 Billion Warner Bros. Deal as Paramount Takes Battle to Court
The GAMCO Investors chairman told TheWrap he still plans to tender the majority of his clients’ shares in favor of “superior” Paramount bid
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Paramount Goes Nuclear on Warner Bros. Discovery — and Everyone Will Feel the Pain | Analysis
David Ellison’s lawsuit and proxy battle faces difficult odds of success, experts say, but could complicate and drag out the approval process for Netflix’s $83 billion deal
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Deals & M&A
Available to WrapPRO members
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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
