Warners Bros. Discovery board urges shareholders to reject amended Paramount bid
In a unanimous written determination, the Warner Bros. Discovery's board is advising shareholders to once again reject Paramount Skydance's "inadequate" hostile takeover bid. The letter to shareholders cites a number of concerns with the offer and reiterates its position that Netflix's offer remains superior. Netflix and WBD have entered into a merger agreement in early December after the WBD board selected its offer over other bidders.<br /> There are two key differences between the two options: Netflix is willing to pay $82 billion, but only for the Warner Bros., HBO and HBO Max divisions; Paramount Skydance's latest offer came in at $108 billion and is for all of WBD's assets, including CNN, HGTV, Food Network and many more. The Netflix deal leav [...]
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Paramount won't quit, files suit against Warner Bros. Discovery over rejected bid
Paramount Skydance just does not want to take no for an answer. After having multiple bids to acquire Warner Bros. Discovery (WBD) rejected, including a recent hostile bid that the WBD board recommend [...]
Paramount makes a $108 billion hostile takeover bid for Warner Bros. Discovery
Paramount has been none too pleased about Netflix striking an $82.7 billion deal to buy much of Warner Bros. Discovery (WBD). Now, Paramount is making a hostile takeover bid for WBD. It's making [...]
David Ellison extends deadline for Warner Bros. Discovery takeover offer
Paramount Skydance CEO David Ellison is apparently still hopeful that investors will approve his $108.4 billion hostile takeover of Warner Bros. Discovery. Paramount Skydance announced Thursday that i [...]
Paramount agrees to buy Warner Bros. Discovery, pays Netflix $2.8 billion for breakup
Paramount Skydance and Warner Bros. Discovery are officially merging. The studio paid Netflix the $2.8 billion termination fee it was owed for breaking its original deal to buy Warner Bros. earlier to [...]
The Netflix and Warner Bros. deal might be great for shareholders, but not for anyone else
Netflix's $82.7 billion acquisition of Warner Bros. is, in many ways, the last thing a weakened Hollywood needs right now. The industry is still recovering from the COVID-19 pandemic, where theat [...]
How to watch the Thanksgiving Day Chiefs vs. Cowboys game for less with Paramount+
Ready for some turkey day football? (Getty Images) saje via Getty Images<br /> The Dallas Cowboys have become as much a part of Thanksgiving Day tradition as turkey and stuffing. The team has pl [...]
Paramount reportedly wants to acquire Warner Bros. Discovery, antitrust law be damned
Paramount Skydance, apparently now in a state of permanent merger, plans to make a bid to acquire Warner Bros. Discovery, The Wall Street Journal reports. The company was recently formed following Sky [...]