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The Latest Breaking News from Warner Bros Discovery

Paramount chief does damage control over ‘60 Minutes’ MTG interview that incurred Trump’s wrath

While the Ellisons have looked to temper the president’s rage over the Marjorie Taylor Greene sitdown, they’ve also assured Donald Trump that they’d make sweeping changes at CNN if Paramount buys Warner Bros. Discovery.

The Independent UK

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

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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

‘That’s a dangerous place’: Joy Reid warns Trump is copying one dictator’s playbook to control what Americans see and hear

Unfortunately, this doesn’t sound like an overreaction.

We Got This Covered

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

China's Tencent quits Paramount's bid for Warner Bros to avert national security questions

Chinese gaming and social media giant Tencent Holdings has withdrawn from Paramount Skydance Corp.'s bid to buy Warner Bros Discovery

The Independent UK

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David Ellison Said To Assure White House He'd Make 'Sweeping Changes' To Steer CNN 'Pro-Trump'

Reports say David Ellison assured White House officials he could reshape CNN's lineup to favour President Trump as Paramount Skydance launched a £81.3bn ($108.4bn) hostile bid for Warner Bros. Discovery, prompting press-freedom alarms and regulatory scrutiny.

International Business Times UK

Netflix vows to keep Ted Lasso on Apple TV if it buys Warner

Warner shows, like Ted Lasso, won't be switched to Netflix if it buys the studio – but that might not be the case if Paramount is the new owner

Behind Paramount's Hostile $108 Billion Bid For Warner Bros Discovery Was— Unanswered Texts?

David Ellison-led Paramount Skydance (NASDAQ:PSKY) launched a hostile bid worth $108.4 billion for Warner Bros Discovery (NASDAQ:WBD) on Monday, in a last-ditch effort to outbid streaming giant Netflix Inc. (NASDAQ:NFLX) and create a content powerhouse. A regulatory filing on Monday revealed that the HBO owner’s lack of response fueled Paramount’s…

Benzinga

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

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

Takeover bid of parent company means limbo for CNN, some fellow cable networks

It's a tough time for CNN, which looks like it will be in management limbo for some time with Paramount Skydance's hostile takeover bid of its parent company, Warner Bros

The Independent 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

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Benzinga

Elizabeth Warren Sounds 'Five-Alarm Antitrust Fire' On Paramount-Warner Bros Merger: Warns Trump Allies And Foreign Investors Are Backing The Deal

Sen. Elizabeth Warren (D-Mass.) is sounding the alarm over a potential merger between Paramount Skydance Corp. (NASDAQ:PSKY) and Warner Bros Discovery Inc. (NASDAQ:WBD), while urging regulators to ignore political pressure as they evaluate the deal.

Benzinga

Trump May Require '60 Minutes' Apology Before Blessing Paramount's Warner Bid

A race to acquire Warner Bros. Discovery (NASDAQ:WBD) by Netflix Inc (NASDAQ:NFLX) and Paramount Skydance (NASDAQ:PSKY) intensified with an all-cash offer from the latter for the media company on Monday.

The Guardian - US

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

Total Film

Paramount launches "clearly superior" $100 billion cash bid to steal Warner Bros. away from Netflix, WB to respond "within 10 business days"

Paramount is hoping to snatch Warner Bros. out from under Netflix with a competing bid

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The Independent UK

Trump son-in-law Jared Kushner is investor in Paramount’s hostile takeover bid of Warner Bros

Jared Kushner’s Affinity Capital, along with the sovereign wealth funds from Saudi Arabia, Qatar and Abu Dhabi, have ‘agreed to forgo any governance rights – including board representation – associated with their non-voting equity investments,’ according to Monday’s regulatory filing.

Evening Standard

FTSE 100 dips as Unilever falls amid Magnum split

The ice cream maker rose 1.8% in Amsterdam.

Benzinga

Netflix Stock Tumbles: What's Going On?

Shares of Netflix, Inc. (NASDAQ:NFLX) are falling Monday after Paramount challenged the streaming service’s winning bid for parts of Warner Bros. Discovery, Inc.

PC Gamer

Paramount, backed by Saudi Arabia's Public Investment Fund, launches hostile takeover bid for Warner Bros. Discovery, one day after US president Donald Trump says the Netflix deal 'could be a problem'

The Paramount bid is also supported by Trump's son-in-law Jared Kushner, so that's probably not great for Netflix's ambitions.

The Guardian - US

Netflix buying Warner Bros is bad news for cinema and those of us who love it

The proposed acquisition would see yet more of Hollywood controlled by a tech company and one that doesn’t seem to care about the theatrical experience

MarketBeat

Netflix Wins the Streaming Wars: The $82B Warner Bros. Deal

Netflix cements its status as the global entertainment leader by acquiring the legendary Warner Bros studio and its vast library of iconic franchises.

Barchart

2 Reasons to Hit Pause on Netflix Stock Now

Netflix’s recently announced deal to acquire Warner Bros. introduces regulatory risk and execution challenges.

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