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The Latest Breaking News from Warner Bros Discovery

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

Evening Standard

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….

The Guardian - UK

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.

Axios

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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.

PC Gamer

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

The Independent UK

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

I didn't see this happening.

Cinemablend

Warner Bros. officially deems Paramount’s bid ‘superior,’ and Netflix withdraws

Netflix investors are sending the stock up as it gets outbid for Warner Bros. What will the big red streamer do next?

Fortune

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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

The Guardian - US

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.

Barchart

Warner Bros gets a new offer from Paramount in heated bidding war for the storied Hollywood studio

Warner Bros

The Independent UK

Paramount Skydance sweetens bid for Warner Bros Discovery

WBD board says it is assessing revised offer as Paramount seeks to trump agreed offer by Netflix

The Guardian - US

Netflix Investors Breathe Sigh of Relief: $83 Billion WBD Deal In DOJ Crosshairs

Netflix’s high-stakes pursuit of Warner Bros. Discovery has thrust the streaming leader into regulatory crosshairs, delivering fresh volatility to a stock already battered by investor doubts yet still carrying strong analyst endorsement.

Barchart

Mark Ruffalo Responds After James Cameron Calls Out Netflix/Warner Bros. Deal: ‘The Next Question To Mr. Cameron Should Be …’

Mark Ruffalo has entered the chat.

Cinemablend

Netflix’s Ted Sarandos Responded After James Cameron Blasted The Streamer’s Warner Bros. Deal

The two public figures engaged in a back-and-forth.

Cinemablend

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The Independent UK

Asian shares gain as most regional markets stay closed for Lunar New Year holidays

Shares in Asia are higher, with Japan's benchmark gaining more than 1% after a quiet finish for U.S. stocks

Barchart

Stocks Recover on Strength in Apple and Airline Stocks

The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed up +0.10%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.07%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.13%. March E-mini S&P futures (ESH26 ) rose +0.12%, and March E-mini Nasdaq futures...

Evening Standard

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.

The Guardian - UK

Warner Bros Discovery weighs new sale talks after fresh Paramount offer

Board considering whether to re-engage in move that could prompt a second bidding war with Netflix

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What Hi-Fi?

Wait! Don't subscribe to HBO Max until you've read this

The new streaming service looks great, but there are some pitfalls to avoid...

MarketBeat

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.

TechRadar

The ‘ultimate’ Sky TV update is coming — and it’s not just because HBO Max is being added for free

Sky customers will soon be able to access Netflix, HBO Max, Disney+ and Hayu in one neat bundle, thanks to new landmark deal.

Euronews

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.

The Independent UK

Asian shares advance after weak US retail data weigh on Wall Street

Shares are moderately higher in Asia after U.S. stocks drifted to a mixed finish following a discouraging report on how much money U.S. retailers made during the holidays

What Hi-Fi?

HBO Max is coming to the UK and Ireland next month – but prepare to be confused

You'll be able to watch from 26th March.

Cycling Weekly

Cycling coverage to move to HBO Max in UK and Ireland from Discovery+

TNT Sports to be part of new streaming platform from end of March

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