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US media giant Paramount-Skydance has announced an agreement to acquire fellow company Warner Bros. Discovery, winning a bidding war against Netflix.
Paramount Wins Bidding War for Warner Discovery After Netflix Drops Out WSJ
The merged media giant will have a value of 110 billion dollars, according to the announcement.
The streaming service's co-CEOs said "this transaction was always a ‘nice to have’ at the right price, not a ‘must have’ at any price"
Centerview and Redbird Helped Paramount in Winning Warner Bid Bloomberg.com
With negotiations heating up over Netflix’s bid for Warner Discovery, the streamer’s co-CEO Ted Sarandos plans to visit the White House for meetings on Thursday. Sarandos is sure to discuss President Trump’s recent demand that Netflix fire board member Susan Rice. However, it’s not clear whether Sarandos will actually be meeting with Trump at the […]