Deals & M&A
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Paramount Raises Bid to Buy Warner Bros. Discovery
David Ellison’s tenth proposal comes after the WBD board agreed to reopen talks for seven days on a “best and final” offer
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Ted Sarandos Brushes Off Trump’s Call to Fire Susan Rice From Netflix Board: ‘He Likes to Do a Lot of Things on Social Media’
“This is a business deal. It’s not a political deal,” the streamer’s co-CEO says
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Justice Department Opens Antitrust Investigation Into Netflix’ Bid for Warner Bros. Discovery
The broad query is a routine but significant step as rival bids near a critical point
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California Attorney General Calls for ‘Full and Robust Review’ of Warner Bros. Sale
“We are committed to fighting market consolidation that we find unlawful,” Rob Bonta says
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Sen. Mike Lee Requests Specifics on Netflix-WB Content Licensing, Production and More
Other questions for Ted Sarandos and Bruce Campbell include how YouTube exerts pressure on their pricing
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Paramount Says Warner Bros. Discovery Takeover Bid Has Cleared a US Antitrust Hurdle
The Department of Justice’s Hart-Scott-Rodino (HSR) waiting period expired on Feb. 19 after the agency requested more information about its $108.4 billion tender offer
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James Cameron Warns of ‘Disastrous’ Potential of Netflix-WBD Deal in Fiery Letter to Lawmaker
The “Titanic” director tells Sen. Mike Lee the merger could turn the theater-going experience into a “sinking ship”
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Senate Democrats Press David Ellison to Explain Trump’s Involvement in Paramount-WBD Merger Discussions
A letter from eight senators, including Cory Booker, Chuck Schumer and Elizabeth Warren, says his pattern of evasion “warrants serious scrutiny”
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Ted Sarandos Blames Netflix Stock Decline on WBD Bidding War, Industry Uncertainty and AI
The executive also defended the streamer’s engagement growth and said its $83 billion deal would “future proof” its business model for “decades to come”
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Netflix’s Ted Sarandos Dismisses Mounting Calls for Warner Bros. to Pull All Merger Talks: ‘Some Fantasy’
“The Town” host Matt Belloni tells the streamer’s co-CEO “the sentiment about that around Hollywood is rampant”
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Madison Square Garden Sports Exploring Split of New York Knicks, Rangers Businesses
The move would give each company “enhanced strategic flexibility, its own defined business focus and clear characteristics for investors,” CEO Jim Dolan says
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What’s the Magic Number Paramount Needs to Snag Warner Bros. From Netflix?
Experts told TheWrap that David Ellison needs a “decisive premium” that could range from $32 to north of $35 per share to defeat Netflix
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Deals & M&A
Available to WrapPRO members
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Netflix Co-CEO Ted Sarandos Accuses Paramount of ‘Flooding the Zone’ to Confuse Shareholders
“Let them make a move and then we will see where the next step takes us,” the executive tells CNBC as Warner Bros. reopens talks with David Ellison
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Paramount Prepared to Engage in ‘Constructive Discussions’ as Warner Bros. Reopens Sale Talks
The company, which has until Feb. 23 to provide its “best and final” offer, added that it still plans to proceed with its tender offer and proxy fight
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Warner Bros. Activist Investor Praises Board, Netflix for Reopening ‘Necessary Discussions’ With Paramount Skydance
“It’s time for the Board to establish a level playing field that produces the highest and most viable offer,” a spokesperson for Ancora Holdings tells TheWrap
