Deals & M&A
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Warner Bros. Discovery CEO Says Paramount Deal Will Create ‘Tremendous Value’ for Shareholders
David Zaslav also thanked Netflix’s Ted Sarandos, Greg Peters and Spencer Neumann for being “extraordinary partners” throughout the sale process
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Paramount’s David Ellison Called to Senate Antitrust Hearing After Netflix Exits WBD Bidding War
The Paramount CEO previously said he’s willing to testify before Congress on the deal
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Netflix Stock Surges Over 9% After Streamer Bows Out of Warner Bros. Race
Shares of Paramount jumped 5.2% in after-hours trading on Thursday, while WBD fell 1.9%
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Netflix Bows Out of Warner Bros. Race, Declines to Match Paramount’s Bid
The streamer says a deal is “no longer financially attractive” after Paramount upped its offer to $31 per share
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Warner Bros. Discovery Board Determines Paramount Skydance’s $31 Per Share Offer Is ‘Superior Proposal’ to Netflix Bid
The streaming giant will have four business days to match David Ellison’s latest offer
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Senate Sets 2nd Netflix-Warner Bros. Antitrust Hearing
The hearing will examine competition and monopsony concerns around the $83 billion deal
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Dave Franco Sundance Comedy ‘The Shitheads’ Acquired by IFC
O’Shea Jackson Jr., Mason Thames and Kiernan Shipka co-star in Macon Blair’s latest directorial effort
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Netflix’s Ted Sarandos to Meet With AG Pam Bondi, White House’s Susie Wiles
The meeting comes as the regulator is reviewing the streamer’s $83 billion bid for Warner Bros. Discovery’s studio and streaming assets
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Warner Bros. Discovery Tops 131 Million Streaming Subscribers Amid M&A Drama
The media giant, pursued by both Netflix and Paramount, saw fourth-quarter results hurt by pay TV subscriber declines and the loss of NBA rights
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Paramount+ Revenue Climbs 17% as Streamer Hits 79 Million Subscribers
But the David Ellison-led media giant posted an overall loss of $573 million in its fourth quarter as the linear TV business continues to decline
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Business
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Netflix’s Ted Sarandos to Visit Trump White House to Discuss Warner Bros. Bid
The meeting, scheduled for Thursday, comes as the president demands the streamer fire board member Susan Rice or “pay the consequences”
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11 State Attorneys General Call on Department of Justice to ‘Thoroughly Scrutinize’ Netflix-Warner Bros. Deal
The group warns that the $83 billion acquisition could result in “undue market concentration that stifles competition” and lead to “higher prices, lower reliability and less innovation”
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Warner Bros. Discovery Says Paramount’s $31 Per Share Offer May Lead to ‘Superior Proposal’
The offer includes a daily ticking fee equal to 25 cents a share per quarter after Sept. 30
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Warner Bros. Discovery Reviewing Paramount’s Latest Revised Bid, Continues to Recommend Netflix Deal
Paramount CEO David Ellison raised his bid for the media giant on Monday after the board asked for his “best and final” offer
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Paramount Gains Momentum in the Warner Bros. Sweepstakes. Can It Capitalize? | Analysis
David Ellison’s latest submission comes as Netflix faces increasing regulatory and political pressure
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Deals & M&A
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