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The Latest Breaking News from Discovery

Why does Netflix want to buy Warner Bros? To copy, not kill, traditional TV

The recent news that Netflix has agreed to buy part of Warner Bros Discovery (WBD) for US$83 billion (£61.8 billion), followed by Paramount Global’s hostile counterbid to acquire WBD in its entirety for US$108.4 billion (£81 billion), has triggered shockwaves through Hollywood and the wider entertainment industry.

The Conversation

Berlusconi's MFE backs Paramount over Netflix in Warner Bros ownership battle

Italy’s largest media group, MFE-MediaForEurope, has publicly thrown its support behind Paramount’s hostile bid for Warner Bros Discovery, arguing that Paramount’s offer would preserve competition in the global streaming market.

Euronews

Trump Calls Current CNN Leadership 'Dishonest,' Wants New Owner in WBD Sale

Trump urges CNN's sale to new owners, calling current leadership "dishonest" amid Warner Bros. Discovery deal.

International Business Times

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Is Warner Bros. Discovery Stock Outperforming the Nasdaq?

Although Warner Bros. Discovery has delivered markedly stronger returns than the Nasdaq Composite over the past year, analyst sentiment remains cautiously bullish regarding the stock’s outlook.

Barchart

Paramount X Targeted: Inside Netflix's Warner Brothers Discovery Acquisition Deal

Paramount Pictures' official X (formerly Twitter) account was compromised briefly Tuesday, with its bio reading, 'Proud arm of the fascist regime'. The incident spread like wildfire on social media and sparked rumours circling the hostile bidding war with Netflix to acquire Warner Brothers.

International Business Times UK

HBO Max subscriber sues Netflix in dramatic class-action lawsuit, claiming the Warner Bros deal will cause 'irreparable antitrust injury'

HBO Max member Michelle Fendelander has sued Netflix in a bid to prevent it from merging with Warner Bros Discovery.

TechRadar

David Ellison Net Worth Explained: How the Paramount Chief Is Funding a Historic Hostile Takeover

David Ellison's net worth and financial backing come into focus as Paramount launches a historic hostile takeover bid for Warner Bros Discovery.

International Business Times UK

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David Ellison's $30 Offer to Buy Warner Bros. Discovery Could Change the Shows You Watch

David Ellison offers $30 per share to buy Warner Bros., beating Netflix's $27.75 bid. Shareholders will choose between two contrasting visions for the company's future by 8 January.

International Business Times UK

Asian shares slip after Wall Street pulls back from its record heights

Asian shares are mostly lower after U.S. stocks pulled away from their record heights

The Independent UK

Netflix CEO brushes aside Paramount’s ‘entirely expected’ hostile bid, ‘superconfident’ of closing deal with Warner Bros. Discovery

The Netflix co-CEO also said he’s talked with the president “many times” since the election, and that he’ll be good to movie theaters once he’s running a studio.

Fortune

Why has Paramount Skydance launched a hostile bid for Warner Bros Discovery – and what happens now?

The future of some of the world’s most prominent media and entertainment businesses hangs in the balance

The Guardian - US

The Historic Netflix-Warner Merger May Not Be As Certain As You Think

A new player has entered the corporate arena.

Inverse

Hostile takeover launched over Netflix-Warner deal with new $108B Paramount bid after Sarandos woos Trump at White House

The Netflix chief’s pilgrimage to DC came as Paramount’s ownership believed it had the inside track to acquire Warner Bros. due to the Ellison family’s close ties to the president.

The Independent UK

Paramount goes hostile in bid for Warner Bros., challenging a $72 billion bid by Netflix

Paramount is making a hostile bid for Warner Bros

The Independent UK

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The Guardian - US

Warner Bros Disaster? Netflix inks deal for troubled Hollywood giant

David Zaslav, CEO of Warner Bros Discovery, promised ‘everyone’ would win by combining the storied Hollywood studios with his reality TV giant. Instead, many lost

Benzinga

Analyst Says Netflix-Warner Bros Merger Is About More Than Movies— It's An AI Play

Netflix Inc.‘s (NASDAQ:NFLX) $82.7 billion acquisition of Warner Bros. Discovery (NASDAQ:WBD) is a bet on artificial intelligence and chips as much as movies and shows, according to Melissa Otto, head of research at SP Global Visible Alpha.

Pedestrian.tv

Netflix To Buy Warner Bros & HBO Max, Here’s What That Means For The Future Of Movies

Netflix is buying Warner Bros. and HBO Max in an $82.7 billion megadeal, reshaping Hollywood. Here's what it actually means.

The Independent UK

What might change for streamers under the proposed $72B Netflix-Warner Brothers Discovery deal

Two of the most popular streaming services have agreed to combine, in a move that could change the streaming service landscape

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Benzinga

Netflix's Warner Bros. Bid Runs Into Trouble: Trump Officials, Theaters, And Hollywood Talent Push Back

An $82.7 billion deal from Netflix Inc (NASDAQ:NFLX) to acquire the streaming, television and movie assets from Warner Bros. Discovery (NASDAQ:WBD) could make the streaming giant an even bigger player in the overall media sector.

Tom’s Guide

Netflix and Warner Bros. Discovery agree to massive $82 billion deal — here's how it could impact HBO Max

Netflix has agreed to acquire Warner Bros. Discovery for $82.7 billion. Here's what we know so far.

Inverse

Netflix Might Have Just Dealt A Huge Blow To Movie Theaters

A giant business deal will completely change how you watch movies for the worse.

Fortune

Netflix’s bombshell deal to buy Warner Bros. brings Batman and Harry Potter to the big red streamer and infuriates theater owners and the Ellisons

Just days before Netflix emerged as the highest bidder, Paramount tore into the “myopic process” that had become “tainted.”

Euronews

Netflix wins battle for Warner Bros as HBO joins streaming giant’s empire

After months of bidding drama, Netflix has secured an agreement to acquire Warner Bros, bringing the Harry Potter, DC and Game of Thrones franchises under its roof while Discovery Global spins off CNN and other legacy networks.

Benzinga

Netflix Did Strike $82.7 Billion Warner Bros. Discovery Deal But Paramount's Letter Could Complicate It

Netflix Inc (NASDAQ:NFLX) is betting regulators — not rival bidders — will decide the fate of its Warner Bros. Discovery (NASDAQ:WBD) deal, even as Paramount Skydance (NYSE:PSKY) argues the sale process was tilted and could complicate the transaction.

Cycling Weekly

Warner Bros Discovery could be taken over by Netflix, but it is unlikely to change cycling on TV

Hollywood giant split its business before takeover talks began

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