The new all-cash bid - at $27.75 a share - has unanimous support from the HBO owner's board, according to a Tuesday regulatory filing
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
A decade after launch, Netflix has won India's premium viewers - and now eyes mass scale with sports, ads and connected TVs
From House of Cards to Indian stories going global, Netflix's decade in India marks how streaming reshaped entertainment, redrew media power, and changed what the world watches
Warner Bros' board said Paramount's offer hinges on "an extraordinary amount of debt financing" that heightens the risk of closing
Netflix briefly went offline as fans rushed to stream the Stranger Things Season 5 finale, with outages reported globally following the release of the 2-hour-long concluding episode
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
The new is beginning to resemble the old, tech is playing both hero and villain, and cinemas are starting to get their sheen back
As streaming penetrated almost every corner of US society, it attracted many more price-sensitive viewers - people who are dropping cable or trading broadcast TV for other free options
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
The Netflix-exclusive football game will launch ahead of the FIFA World Cup 2026, be playable on TVs and phones, and is being developed by Delphi Interactive
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 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