Warner Bros. Discovery plans to decline Paramount Skydance's revised acquisition offer despite billionaire Larry Ellison's financing guarantees, preferring Netflix's studio deal instead.
Paramount enhances its $30 per share all-cash bid for Warner Bros. Discovery with Larry Ellison's personal guarantee and improved terms to counter Netflix's competing offer.
Warner Bros. Discovery (WBD) board unanimously rejects Paramount's $77.9B all-cash offer, citing inadequate value and funding concerns, while reaffirming support for Netflix's $72B merger proposal.
Paramount makes hostile $30 per share cash offer for Warner Bros. Discovery, challenging Netflix's approved merger deal amid regulatory concerns.
Netflix will acquire Warner Bros. Discovery in an $82.7B cash-and-stock deal, bringing HBO, major franchises, and iconic studios under Netflix’s global streaming umbrella.
Streaming giant Netflix enters exclusive talks to buy Warner Bros. studios, HBO Max for $28-$30/share. Deal would reshape Hollywood but faces antitrust scrutiny.
