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The Latest Breaking News from Paramount Skydance

Paramount acquires Warner Bros Discovery in mega deal: the winners, losers and Trump’s man in the middle

Netflix’s planned acquisition of Hollywood studio Warner Bros Discovery (WBD) has fallen apart at the eleventh hour, as Paramount Skydance has made a “superior” proposal to buy the conglomerate for A$156 billion.

The Conversation

Paramount+ and HBO Max to become one streaming service, Ellison says

Billionaire Paramount Skydance chief announces plan days after winning takeover battle for Warner Bros Discovery

The Guardian - US

3 things we will never know after Netflix pulled out of the Warner Bros. bidding, handing it to Paramount

Netflix would have owned DC superheroes if it had managed to acquire Warner Bros., but now the situation is more like a Marvel franchise: "What if?"

Fortune

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Trump just got much closer to bringing CNN to heel

With David Ellison’s Paramount Skydance poised to buy Warner Bros Discovery, the president is tightening his grip on the US media

The Guardian - US

Is This Really the End for Warner Bros.?

So...what does it all mean?

The Mary Sue

Dow Dives 521 Points as Goldman, AmEx Slide: Stock Market Today

News of Block's massive layoffs exacerbated AI worries across the financial sector.

Kiplinger

‘Not a done deal’: California vows ‘vigorous’ review of Paramount-Warner Bros takeover

Attorney general says $111bn deal will be investigated amid concerns over monopoly power and job losses

The Guardian - US

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Billionaires tied to Trump outbid Netflix to take over CNN’s parent company, and their vision for the network is making anchors sweat

CNN might be up for a huge change in direction.

We Got This Covered

Departing CBS News producer claims political bias as Paramount poised to buy Warner Bros

Mary Walsh, leaving after 46 years, says staffers told to ‘aim our reporting at a particular part of the political spectrum’

The Guardian - US

Warner Bros. Discovery set to be acquired in entirety by Paramount Skydance

After Netflix walked away from the bidding, Warner Bros. Discovery is set to be acquired in its entirety by Paramount Skydance.

BANG Premier

What Paramount’s Warner Bros deal means for Hollywood after major acquisition

Two of Hollywood’s oldest studios are set to be consolidating into one. Here is what to know about the merger

The Independent UK

Netflix CEO Visits White House — Then Walks Away From Warner Bros. Deal

Netflix has officially withdrawn from the bidding war for Warner Bros. Discovery, paving the way for a merger with Paramount Skydance.

International Business Times UK

CBS News and CNN staffers fear ‘disaster’ as Paramount wins Warner Bros battle

Decision by Netflix to walk away from takeover leaves workers anxious about possible merger of news networks

The Guardian - US

Hollywood's mega-merger battle ends with Warner Bros. as the real winner

If the deal goes through, WBD CEO David Zaslav will have cemented his legacy as one of the savviest media dealmakers.

Axios

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Evening Standard

Paramount set to win Warner Bros takeover tussle as Netflix withdraws

The surprise development comes after Paramount increased its bid for Warner Bros to over £82 billion

The Independent UK

Paramount on course to win Warner Bros takeover tussle as Netflix withdraws

The surprise development comes after Paramount increased its bid for Warner Bros to over £82 billion.

The Guardian - UK

Netflix quits Warner Bros takeover battle; FTSE 100 ends week at record high – as it happened

Netflix shares have jumped 10% after it left Larry Ellison’s Paramount clear to buy Warner Bros, regulators permitting….

Axios

Netflix says it won't raise bid for Warner Bros.

Paramount appears to have won the fight for WBD if it obtains all the necessary approvals.

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The Independent UK

Netflix backs out of Warner Bros deal

IN FULL

PC Gamer

Netflix isn't going to buy Warner Bros after all, meaning Paramount is set to take HBO, Warner Bros Games, and the rest

The acquisition was "always a 'nice to have' at the right price, not a 'must have' at any price," Netflix said.

The Independent UK

Netflix refuses to raise bid for Warner Bros. Discovery, paving way for Paramount takeover

‘The deal is no longer financially attractive,’ said Netflix in a statement

Cinemablend

Surprise! Paramount Just Scored A Major Victory Against Netflix To Acquire Warner Bros

I didn't see this happening.

The Guardian - US

Paramount Skydance wins Warner Bros Discovery bid after Netflix walks away from deal

Streamer said ‘deal no longer financially attractive’ at price required to match offer by David Ellison’s firm

Barchart

Netflix’s Unusual Options Activity: Was It the Bullish Signal Investors Were Waiting For or a Dead Cat Bounce?

Netflix’s unusual options activity yesterday was off the charts. The streamer had 24 options with Vol/OI ratios above 1.37, including five with volume over 20,000, just two days after NFLX stock hit a new 52-week low.

The Guardian - US

Netflix or Paramount: who would be the best new owner of Warner Bros?

The ongoing battle over for the iconic film studio is set to have a major impact on what we, the viewers, get to watch

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People

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