Warner Bros

Netflix lined up $59 billion of financing from Wall Street banks to help support its acquisition, in the form of one of the largest ever bridge loans

Paramount Skydance is taking another step in its hostile takeover bid of Warner Bros Discovery, saying that it will name its own slate of directors before the next shareholder meeting of the Hollywood studio. Paramount also filed a suit in Delaware Chancery Court on Monday seeking to compel Warner Bros. to disclose to shareholders how it values its bid and the competing offer from Netflix. Warner Bros. is in the middle of a bidding war between Paramount and Netflix. Warner's leadership has repeatedly rebuffed overtures from Skydance-owned Paramount and urged shareholders to back the sale of its streaming and studio business to Netflix for USD 72 billion. Paramount, meanwhile, has made efforts to sweeten its USD 77.9 billion hostile offer for the entire company. Last week, Warner Bros. Discovery said its board determined Paramount's offer is not in the best interests of the company or its shareholders. It again recommended shareholders support the Netflix deal. David Ellison, the

This comes a month after Warner Bros. struck a deal with Netflix in December to have the streamer acquire its TV and movie studios for $83 billion

Warner Bros' board said Paramount's offer hinges on "an extraordinary amount of debt financing" that heightens the risk of closing

Paramount had said that Ellison was open to personally guarantee equity financing backing the bid, a move aimed at easing doubts that had dogged its earlier proposal

A proposed mega-deal involving Netflix and a major Hollywood studio has sparked a three-way power struggle—union fears, theatre panic, regulator heat, and a rival counter-bid.

After Warner Bros board rejected its offer, Paramount Skydance said Larry Ellison will provide a $40.4 billion irrevocable personal guarantee backing its $108.4 billion bid

Paramount took its bid directly to Warner Bros' shareholders last week after the company announced a deal with Netflix on December 5

Earlier this month, Affinity emerged as a participant in Paramount's hostile bid for Warner Bros, a proposal that valued the Hollywood studio at approximately $108.4 billion

Paramount Skydance Corp.'s hostile bid to snatch Warner Bros. Discovery Inc. from under the nose of Netflix Inc. encapsulates the themes that have shaped a banner year for mergers and acquisitions

Paramount has a temporary financing package in place for the combined company, but it hasn't locked in a maximum rate on more permanent borrowings for the transaction

Trump has already signalled one personal precondition for a sale: new ownership of longtime bogeyman CNN, in a bid to exert more favorable coverage from the cable network

Trump has declared he 'would be involved' in deciding whether Netflix's proposed acquisition should move forward and the White House is signalling openness to a Paramount-Skydance victory

Trump said his primary concern is that the current management of the network may be rewarded by being allowed to continue operating "with money" from a sale

Paramount has launched a hostile takeover offer for Warner Bros Discovery, initiating a potentially bruising battle with rival bidder Netflix to buy the company behind HBO, CNN and a famed movie studio along with the power to reshape much of the nation's entertainment landscape. Emerging just days after top Warner managers agreed to Netflix's USD 72 billion purchase, the Paramount's Monday bid seeks to go over the heads of those leaders by appealing directly to Warner shareholders with more money -- USD 77.9 billion -- and a plan to buy all of Warner's business, including the cable business that Netflix does not want. Paramount said its decision to go hostile came after it made several earlier offers that Warner management "never engaged meaningfully" with following the company's October announcement that it was open to selling itself. In its appeal to shareholders, Paramount noted its offer also contains more cash than Netflix's bid -- USD 18 billion more -- and argued that it is .

A potential Netflix-Warner Bros merger could shake up India's streaming lineup, threatening Hollywood favourites on rivals like JioHotstar and Amazon Prime Video

Shareholders of Warner Bros., one of Hollywood's biggest film and TV companies, are hoping for a bidding war that further boosts the price of the dea

Almost every analyst and commentator is questioning not the logic but the price at which this deal is being discussed

Paramount's offer is likely to value the media group at $30 a share and offer $18 billion more in cash than the Netflix deal

If Paramount prevails in its $108 bn hostile bid for Warner Bros., it wouldn't need approval from the FCC or Congress, but the contact reflects a broad-based US campaign to shore up support for a deal