
Warner Bros Gives Paramount a Week for 'Best and Final' Offer Amid Netflix Rivalry
Warner Bros has given Paramount a week to submit its 'best and final' offer, as Netflix grants a waiver to a rival bidder in a high-stakes battle for control.
17 Feb, 12:00 — 17 Feb, 13:59
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Warner Bros gives Paramount a week to make ‘best and final’ offer
Warner Bros. Reopens Deal Talks After Paramount Raises Bid - Bloomberg.com
Larry and David Ellison are getting a chance to break up the Netflix/WBD deal
Warner Bros. Discovery Agrees to Engage With Paramount in Sales Talks, but for Now Still Backs Netflix Deal as It Sets March 20 Shareholder Vote
Warner Bros. Discovery Sets Date for Netflix Deal Vote, Looks to Pry “Best and Final” Offer From Paramount
Warner Board Says Paramount Agreed To Raise Offer To $31 A Share Or More If Two Sides Engaged
Netflix Accuses Paramount Of Misleading Warner Bros. As New Phase Of Acquisition Battle Begins
Warner Bros. gives Paramount a week to submit final offer after rejecting latest bid
Paramount’s New Chance to Win Over Warner Bros. Discovery
Warner Bros gives Paramount seven days to make ‘best and final’ offer
How Paramount pulled its failing bid for Warner Bros. back from the brink
Warner Bros. Discovery to restart Paramount deal talks as Netflix waits
Stocks making the biggest moves premarket: Warner Bros. Discovery, Paramount Skydance, Masimo, Danaher & more
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Stocks making the biggest moves premarket: Warner Bros. Discovery, Paramount Skydance, Masimo, Danaher & more
These are the stocks posting the largest moves in early trading.
Read full article →Warner Bros. Discovery to restart Paramount deal talks as Netflix waits
Read full article →How Paramount pulled its failing bid for Warner Bros. back from the brink
Paramount Skydance convinced Warner Bros. to reopen negotiations after signaling it was finally ready to raise its price.
By Lukas I. Alpert
Read full article →Warner Bros gives Paramount seven days to make ‘best and final’ offer
Waiver from Netflix allows film company to engage with rival bidder if it could lead to a ‘reasonably superior offer’ Business live – latest updates Warner Bros Discovery (WBD) has reopened talks with Paramount Skydance, giving the company seven days to table its best and final offer and top an existing agreement with Netflix. WBD has so far stuck to its binding agreement with Netflix and rejected a series of sweetened offers from Paramount, resulting in the company pursuing a hostile $108.4bn (£76.8bn) takeover directly with shareholders Continue reading...
By Mark Sweney
Read full article →Paramount’s New Chance to Win Over Warner Bros. Discovery
The takeover battle took a new turn on Tuesday as Warner Bros. Discovery reopened talks with its rebuffed suitor. But big questions still remain.
By Andrew Ross Sorkin, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Niko Gallogly, Brian O’Keefe, Ian Mount and Lauren Hirsch
Read full article →Warner Bros. gives Paramount a week to submit final offer after rejecting latest bid
Read full article →Netflix Accuses Paramount Of Misleading Warner Bros. As New Phase Of Acquisition Battle Begins
Netflix has accused Paramount of misleading Warner Bros. as WBD shareholders begin a new acquisition phase amid Paramount's new offer.
By Rianna de Bono-Smith
Read full article →Warner Board Says Paramount Agreed To Raise Offer To $31 A Share Or More If Two Sides Engaged
As Paramount continued to lob offers for Warner Bros. Discovery, that continued to be rejected, all at $30 a share in cash, the big question from Wall Street to Hollywood has been why not raise the bid. It seems that may happen as WBD announced that is entering seven days of deal talks with the […]
By jillg366
Read full article →Warner Bros. Discovery Sets Date for Netflix Deal Vote, Looks to Pry “Best and Final” Offer From Paramount
WBD says that Netflix is giving it seven days to talk to the David Ellison-led company to try and resolve outstanding concerns and secure a 'best and final' bid, but that it still recommends the Netflix deal.
By Georg Szalai
Read full article →Warner Bros. Discovery Agrees to Engage With Paramount in Sales Talks, but for Now Still Backs Netflix Deal as It Sets March 20 Shareholder Vote
Warner Bros. Discovery has a number of questions for David Ellison, but the crucial one is this: Will his Paramount Skydance hoist its bid for WBD to over $31 per share? The M&A jousting over Warner Bros. is entering its final rounds. On Tuesday, Warner Bros. Discovery said its board — after rebuffing multiple overtures […]
By Todd Spangler
Read full article →Larry and David Ellison are getting a chance to break up the Netflix/WBD deal
Larry Ellison, one of the richest men in the world, and his son David want to buy Warner Bros. Discovery. They're getting a second chance to pitch the WBD board. (Photo by Eric Charbonneau/Getty Images for The Hollywood Reporter) Eric Charbonneau/Getty Images for The Hollywood Reporter In December, Netflix shocked the world by winning the bidding war for (most of) Warner Bros. Discovery. Since then, Larry and David Ellison have been arguing their bid — for all of WBD — was actually better. Now they're getting a chance to improve their bid and potentially bust up the Netflix deal. Larry and David Ellison are getting another shot to buy Warner Bros. Discovery. The media conglomerate announced Tuesday that it will let the Ellisons make another bid for the company over the next week, with two key stipulations: Their offer has to be more than $31 for each share of WBD, and it will be the last time the Ellisons get to make a formal pitch to the WBD board. WBD's announcement reopens a deal that was theoretically closed last December, when it agreed to sell most of itself to Netflix in an $83 billion transaction. Since then, the Ellisons, who bought Paramount last year and want to merge it with WBD, have argued that their offer of $30 per share — for the entire company — was better than Netflix's offer. They have repeatedly told WBD and its investors that they should get another shot at making their case. Their most recent pitch came a week ago, when they offered to pay billions more in fees — including a $2.8 billion penalty WBD would owe Netflix if it walks away from its existing deal — and dangled the prospect of raising the per-share price they'd pay if the deal didn't close by the end of 2026. Now, WBD says, they have one more opportunity to bid. WBD says they expect the Ellisons to increase their offer to more than $31 a share. The company is trading around $28 a share, up 170% in the last year. In a press release, WBD officials say that last week, a "senior representative" for Paramount told them that if they had the chance to bid, they would offer $31 per share, but could go above that. None of this means the existing deal Netflix has with WBD goes away. For starters, WBD continues to formally endorse its Netflix deal. More important: If Paramount does increase its bid, Netflix will have the ability to raise its offer, too. And no matter what bid WBD eventually agrees to, the deal will still need regulatory approval in the US and overseas. Netflix got a preview of some of the issues regulators might bring up earlier this month during a congressional hearing, when Republicans argued that the company is too woke, and Democrats worried that a combined Netflix/WBD could doom the movie industry. A Paramount/WBD combination would also get regulatory scrutiny, though the Ellisons are counting on their ties to the Trump White House to give them a leg up. Read the original article on Business Insider
Read full article →Warner Bros. Reopens Deal Talks After Paramount Raises Bid - Bloomberg.com
Warner Bros. Reopens Deal Talks After Paramount Raises Bid Bloomberg.com
Read full article →Warner Bros gives Paramount a week to make ‘best and final’ offer
Netflix grants weeklong waiver to rival bidder in high-stakes battle for control
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