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The Latest Breaking News from Paramount Skydance

Warner Bros restarts talks with Paramount Skydance amid takeover battle

Bosses at Warner Bros are continuing to tell shareholders to back the Netflix offer valuing the business at around £61.2bn.

Evening Standard

Warner Bros gives Paramount seven days to make ‘best and final’ offer

Waiver from Netflix allows film company to engage with rival bidder if it could lead to a ‘reasonably superior offer’

The Guardian - UK

Netflix grants Warner Bros a 7 day waiver to reopen takeover talks with Paramount

Netflix is granting Warner Bros

The Independent UK

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Strategic Masterstroke: Paramount Adds a Ticking Fee to Warner Bros. Bid

Warner Bros Discovery shareholders are poised to benefit from a bidding war as Paramount adds ticking fees to rival the current Netflix agreement.

MarketBeat

Activist Ancora fund moves to block Netflix takeover of Warner studios

Ancora Holdings has built a $200mn stake and is backing Paramount’s richer rival bid, raising the prospect of a proxy fight over the future of one of Hollywood’s biggest media groups.

Euronews

Paul Thomas Anderson and Jonny Greenwood demand Phantom Thread music removed from Melania film

Director and composer of 2017 drama allege breach of agreement after score reused in controversial documentary

The Guardian - US

Netflix co-CEO grilled by US senators over Warner Bros Discovery merger

While most focused on competition issues, Josh Hawley accused Netflix of promoting trans content to children

The Guardian - US

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Bari Weiss tries to win CBS staffers’ trust amid ‘noise’ over 60 Minutes segment

In her first town hall, Weiss expressed some regret over her decision to pull 60 Minutes segment at the last minute

The Guardian - US

People Are Calling For William Shatner To Run Star Trek, But That's A Terrible Idea

Based on what I've read from him in the past, I think he would agree.

Cinemablend

Netflix says it’s ‘going to keep’ HBO team after acquiring Warner Bros

Streaming giant has struck an all-cash deal to acquire Warner Bros. Discovery and all of its studio assets, including HBO Max

The Independent UK

Dear Netflix Stock Fans, You Have 1 Month Until a Major Catalyst

Netflix stock is down almost 40% from its all-time high as it enters an acquisition war with Paramount Skydance.

Barchart

Netflix Switches to Cash Offer for Warner Bros, Aiming to Close Door on Paramount

Netflix switches to an all-cash $82.7B offer for Warner Bros to outpace Paramount and secure the deal.

International Business Times

On Netflix’s earnings call, confident co-CEOs can’t quell investor fears over the Warner Bros. bid

Netflix stock, already down 15% since the announcement of the Warner Bros. bid, fell further after the company announced it would pause stock buybacks.

Fortune

Netflix revises deal for Warner Bros. Discovery as streaming giant prepares to report earnings

Netflix will report earnings Tuesday after last report showed slowing subscriber growth

The Independent UK

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The Independent UK

Netflix agrees revised all-cash deal for Warner Bros studios

US-based streaming giant has said it will now 27.75 dollars per share in cash to buy the business

The Guardian - UK

Netflix sweetens Warner Bros bid with all-cash offer to block Paramount

Streaming company says proposal speeds up completion and allows WBD investors to vote as soon as April

Evening Standard

Netflix agrees amended all-cash takeover deal for Warner Bros studios

The US-based streaming giant has said it will now 27.75 dollars per share in cash to buy the business

The Guardian - US

White House press secretary tells CBS ‘we’ll sue your ass off’ if it edits Trump interview

Karoline Leavitt was recorded warning network to broadcast new interview with president in full and without edits

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The Guardian - US

Trump buys $1m in Netflix and Warner Bros bonds days after saying he’ll ‘be involved’ in merger

Warner Bros is also being pursued by Paramount Skydance, helmed by David Ellison, son of president’s ally

Bored Panda

Billionaire Forced To Change The Name Of His Boat After People Realize What It Spells Backwards

“That is such a classic billionaire blunder that it almost feels scripted by Jesse Armstrong,” one user wrote.

The Guardian - US

Trump says CBS anchor Tony Dokoupil wouldn’t have job if Kamala Harris had won

US president also says Paramount Skydance chief David Ellison, whom he called ‘amazing’, could be ‘bust’ if he’d lost

Fortune

Paramount fires back at Warner Bros. bid, launching proxy fight for board seats at annual meeting

Paramount has also filed a lawsuit asking Warner Bros. Discovery to give more information about its merger agreement with Netflix.

Euronews

Paramount sues Warner Bros, launches proxy war to scupper Netflix deal

Paramount Skydance claims WBD’s Netflix transaction undervalues the company and says shareholders should decide, as it prepares a proxy contest and court action in Delaware.

The Guardian - UK

Paramount to nominate directors to Warner Bros board to vote against Netflix deal

Paramount also files lawsuit seeking disclosure of financial information related to $82.7bn agreement

The Independent UK

Paramount Skydance sues Warner Bros over Netflix deal

Warner Bros. announced last week that it would reject Paramount Skydance’s takeover bid in favor of Netflix’s $72 billion offer

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