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The Latest Breaking News from WBD

Netflix could kill HBO series like 'Harry Potter' and 'Lanterns' — here's why

Netflix co-CEO Ted Sarandos has hinted that HBO won't do major IP-based shows anymore. But that doesn't mean Warner Bros. won't still make them.

Tom’s Guide

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

Channel 4 poaches new chief executive Priya Dogra from Sky

Head of advertising and data at Sky will lead C4’s response to threatened Comcast takeover of ITV

The Guardian - UK

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'We actually didn't attribute any value' to Warner's game studios, Netflix boss says about the acquisition deal: 'They're relatively minor compared to the grand scheme of things'

Ouch, that hurts.

PC Gamer

Skydance, Netflix Vie For Warner Bros. — A Trump-Era Antitrust Meltdown In The Making?

Paramount Skydance Corp (NASDAQ:PSKY) has made a hostile all-cash $108-billion bid for Warner Bros. Discovery Inc. (NASDAQ:WBD), giving rival bidder Netflix Inc. (NASDAQ:NFLX) a run for its money and turning the streaming wars into a TV drama-worthy showdown.

Benzinga

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

Paramount Uses Trump's Son-In-Law Kushner, Sovereign Fund To Counter Netflix's WBD Bid—Experts Warn Of Risky 'Monolith' Despite Streaming Dominance

Paramount Skydance Corp. (NASDAQ:PSKY) has launched a hostile $108 billion bid for Warner Bros Discovery Inc. (NASDAQ:WBD), backed by financing from Jared Kushner's Affinity Partners and Middle Eastern sovereign wealth funds.

Benzinga

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Media Giants Clash: Paramount Launches $108.4 Billion Hostile Bid For Warner Bros. Discovery

Paramount's $108.4bn hostile, all-cash bid for Warner Bros. Discovery ignites a head-to-head showdown with Netflix's signed, narrower deal.

International Business Times UK

Paramount rips Warner’s sale ‘process’ as it reveals 2-year-long pursuit and escalating bids before going hostile

Warner “did not provide a single markup of a single transaction document” or engage in any back-and-forth negotiation for months, its jilted suitor said.

Fortune

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

Stocks Slip to Start Fed Week: Stock Market Today

While a rate cut is widely expected this week, uncertainty is building around the Fed's future plans for monetary policy.

Kiplinger

'Cash Is Still King': Paramount CEO David Ellison Throws $108 Billion All-Cash Bid To WBD Shareholders

In a move that upended the media landscape, Paramount Skydance Corp. (NASDAQ:PSKY) officially launched a hostile, all-cash tender offer for Warner Bros. Discovery, Inc. (NASDAQ:WBD) on Monday.

Benzinga

Jared Kushner suddenly emerges in the Warner brawl between Paramount and Netflix, backed by Saudi billions and fresh off brokering another megadeal

Trump’s son-in-law is emerging as a central conduit for Gulf money moving into American media, and they’re backing the Ellisons and Paramount.

Fortune

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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.

TechRadar

'HBO Max will stay' even after Netflix deal says Warner Bros. CEO David Zaslav

Move over Mark Twain, this time its HBO Max whose death may have been greatly exaggerated – according to Warner Bros. Discovery chief David Zaslav.

Fortune

Netflix's 'throne is secured,' BofA said just before Paramount mounted one last streaming war, hoping to keep Superman off the super app

Warner Bros.' "crown-jewel IP portfolio" is suddenly everything that everyone in Hollywood wants—except Comcast.

Fortune

Comcast pulls out of WBD bidding war, president says: 'We roll on with a lot of focus. But I think we're better for having taken a look'

Mike Cavanagh, who was a rower in his undergraduate days at Yale, said the NBCUniversal empire is keeping its "eyes in our own boat."

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The Guardian - US

Paramount launches $108.4bn hostile bid for Warner Bros Discovery

Paramount’s bid for the entire company counters $82.7bn Netflix deal for WBD’s studio and streaming operation

The Independent UK

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.

Euronews

Paramount goes hostile in bid for Warner Bros, challenging Netflix

The announcement comes just days after Netflix said it had agreed a $72 billion takeover deal for Warner Bros Discovery.

Benzinga

Paramount Is Not Going Down Without A Fight, Outbids Netflix With $108 Billion Cash Offer For Warner Bros.

Paramount Skydance Corp (NASDAQ:PSKY) on Monday launched an all-cash tender offer to acquire Warner Bros. Discovery, Inc (NASDAQ:WBD) for $30 per share, valuing the company at $108.4 billion and including its Global Networks segment.

Fortune

Next shoe in Netflix-WBD saga drops as Paramount launches hostile bid that includes Trump son-in-law Jared Kushner

Over the weekend, President Trump voiced concern over the combined market share of Netflix and Warner Bros.

TechRadar

Trump says the big Netflix-Warner Bros merger ‘could be a problem’ – here’s why

‘Could be a problem’: Trump wants to personally help decide the Netflix-Warner Bros. Deal – and he’s already highlighted a big reason to block it.

Benzinga

Netflix-Warner Mega Merger A 'Disaster For America,' Says This Anti-Monopolist: Likely To Face Significant 'Political And Antitrust Hurdles'

Streaming giant Netflix Inc.’s (NASDAQ:NFLX) $82.7 billion merger with mass media conglomerate Warner Bros Discovery Inc. (NASDAQ:WBD) is drawing sharp criticism from antitrust advocates, such as Matt Stoller of the American Economic Liberties Project, a non-profit founded to combat monopolist corporations.

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