Latest Updates Around The World
Netflix rose more than 9% on Friday as investors cheered the decision to drop out of the race for Warner Bros Discovery, a months-long bidding war with Paramount Skydance for some of Hollywood’s most prized assets.Netflix declined to match Paramount’s latest offer of $31 per share or increase its $27.75 per share offer for Warner […]
Warner Bros. Discovery will likely hold a shareholder vote on its $82.7 billion deal to sell its streaming and studio assets to Netflix in March, CNBC reported Monday.Warner Bros Discovery and Netflix did not immediately respond to Reuters requests for comment. A green light from investors would advance the deal but could face intense scrutiny […]
Netflix has moved to an all-cash offer for Warner Bros. Discovery’s studio and streaming assets without raising its $82.7 billion price, in a bid to close the door on Paramount’s rival attempts to nab the Hollywood giant.The new cash offer – of $27.75 per share – has unanimous support from Warner Bros’ board, according to […]
Oracle co-founder Larry Ellison has stepped in to personally guarantee $40.4 billion in Paramount Skydance’s latest attempt to stop Warner Bros Discovery from selling its prized Hollywood assets to streaming giant Netflix.The guarantee, disclosed in a filing Monday, is aimed at addressing Warner Bros board doubts about Paramount’s financing and the lack of full support […]
