European Commission Approved Paramount Buyout Of Warner Bros. Discovery

The European Commission approved the merger of Paramount Skydance and Warner Bros. Discovery on Wednesday, removing one of the few remaining obstacles to closing the $111 billion deal.
As a condition of the approval, Paramount has already agreed to cancel its film distribution partnership with Universal in Europe within the next 13 months.
A federal judge in Oakland, Calif., on Monday temporarily h…

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Warner Bros. Discovery Shareholders Approve Sale To Paramount

Warner Bros. Discovery shareholders approved the company's proposed merger with Paramount Skydance in a preliminary vote on Thursday, bringing a buzzy sale process one step closer to the finish line.
Paramount has offered $31 per share for the entirety of Warner Bros. Discovery — its cable TV networks like TNT, CNN and Discovery Channel as well as its streaming service HBO Max and the Warner B…

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WBD Acquisition Is Near Completion As Paramount Secures Funds From Gulf State

David Ellison’s Paramount Skydance has secured funding commitments from three Gulf nation sovereign wealth funds to back its proposed acquisition of Warner Bros. Discovery, Deadline has confirmed.
A Wall Street Journal report on Sunday said the financing agreements were near to being finalized.
It was not a surprise as the proposed mega-deal had always included a big chunk of Middle East funding fr…

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Paramount Expected To Easily Secure EU Nod For Warner Bros Deal, Sources Say

Paramount Skydance, is expected to easily gain European Union antitrust approval to buy Warner Bros Discovery, opens new tab while divestments, if required to address regulatory concerns, will likely be minor, two people with direct knowledge of the matter said on Friday.
Unlike Netflix's aborted bid, Paramount's offer faces fewer regulatory hurdles because a combined Paramount and Warner …

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Warner Bros. Discovery Declares New Paramount Bid A ‘Superior Proposal’; Netflix Has Four Business Days To Match

The board of Warner Bros. Discovery said Thursday it has determined that the latest offer from Paramount Skydance is a “superior proposal” to its existing merger pact with Netflix. The move sets off a four-day clock for Netflix to make a counteroffer to the nearly $83 billion deal that it reached with WBD in early December.
Netflix has four business days, or Wednesday, March 4 at 11:59 p.m. ET, to…

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Warner Bros. Discovery Warming Up To Paramount Deal

Paramount has upped its offer for Warner Bros. Discovery to $31 a share, above its previous offer of $30 per share.
Warner Bros. Discovery said the board has not yet made a determination as to whether the offer is superior to Netflix’s but says it could “reasonably be expected” to lead to a “company superior proposal.” Netflix has offered $27.75 per share for the company’s streaming and film asset…

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Press Release: Warner Bros. Discovery Sets Special Meeting Date of March 20, 2026, And Unanimously Recommends Shareholders Vote FOR Netflix Merger; As Talks With Paramount Are Underway

Warner Bros. Discovery, Inc. ("WBD") (NASDAQ: WBD) today announced that it will hold the Special Meeting of Shareholders (the "Special Meeting") to vote on the merger with Netflix, Inc. ("Netflix") (NASDAQ: NFLX) on March 20, 2026 at 8:00 a.m. Eastern Time and the commencement of mailing of the definitive proxy statement to shareholders in connection with the Special…

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Warner Bros. Discovery Is Now Considering Sale To Paramount

Warner Bros Discovery is considering reopening sale talks with rival Hollywood studio Paramount Skydance, after receiving its hostile suitor's most recent amended offer, Bloomberg News reported on Sunday, citing people with knowledge of the matter.
Members of Warner Bros' board are discussing whether Paramount could offer the path to a superior deal, the Bloomberg report said, adding that …

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Paramount Sweetens Offer For Warner Bros. Discovery

Paramount has enhanced its offer for Warner Bros Discovery, not formally upping its $30-a-share cash bid but injecting a new $0.25-per-share so-called “ticking fee” payable to WBD shareholders for each quarter its transaction has not closed beyond December 31, 2026.
It said the move comes to about $650 million in cash value each quarter and underscores “Paramount’s confidence in the speed and cert…

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Warner Bros. Discovery Rejects Paramount's Latest Bid For The Company

The WBD board branded Paramount’s hostile takeover offer as "inadequate" and risky.
Warner Bros rejected Paramount’s latest takeover bid on Wednesday, telling shareholders to stick with a rival offer from Netflix.
Warner’s leadership has repeatedly rebuffed Skydance-owned Paramount’s overtures — urging shareholders just weeks ago to back its the sale of its streaming and studio business t…

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Starz Placed $25 Billion Bid For All Of Warner Bros. Discovery’s Cable Networks Including Cartoon Network And TLC

Starz put in a $25 billion bid for all of Warner Bros. Discovery’s cable networks and 20% of its studio and streaming businesses last month, TheWrap has learned, acting as a dark horse contender for an asset most companies bidding on the entertainment company were not interested in.
Warner Bros. Discovery revealed in a filing with the U.S. Securities and Exchange Commission that a previously undis…

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Warner Bros. Discovery Rejects Paramount's $108 Billion Bid For The Company

Warner Bros. Discovery still isn't interested in Paramount Skydance's offer.
Paramount's latest bid "is inadequate, with significant risks and costs imposed on our shareholders" compared to Netflix's bid, which "represents superior, more certain value for our shareholders," said Samuel Di Piazza, the chair of WBD's board of directors, in a statement to share…

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‘HBO, DC, Cartoon Network’: 10 Companies That Netflix Will Now Own After The Warner Bros Buyout

Following Netflix’s agreement to acquire Warner Bros Discovery’s TV and film studios and streaming division in a deal valued at roughly $72 billion, the streaming giant will take control of some of the most influential brands in global entertainment. Based on the assets included in the sale, here are 10 major companies and brands Netflix will now own.
1. HBO The deal includes Warner Bros Discovery&…

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Netflix Wins the Warner Bros. Discovery Bidding War, Enters Exclusive Deal Talks

Warner Bros. Discovery is moving forward with exclusive deal talks with Netflix, TheWrap has learned.
WBD has selected Netflix after the streaming giant offered $30 a share for the studio and streaming assets, according to two people familiar with the deal talks. The deal also includes a $5 billion break-up fee to match the terms that Paramount added with its bid.
While its unclear what the makeup …

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Would Paramount Be A Good Suitor For Warner Bros. Discovery Global?

Paramount is planning to several linear channels across the world by the end of 2025. This includes Nickelodeon's channels in New Zealand and Brazil, BET in France and MTV's music channels across Europe.
Amidst this, Paramount is currently in pursuit of Warner Bros. Discovery which distributes brands like Discovery Channel, HGTV, Cartoon Network and CNN. Prior to this bid, Warner Bros. Dis…

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Comcast Looking To Spinoff And Merge It's NBCUniversal's Division With Warner Bros. Discovery

The future of Warner Bros. Discovery is hanging in the balance, with the entertainment company’s board of directors now weighing second round bids for the company from Comcast, Paramount and Netflix.
The offers were due Monday, and all three companies submitted their revised plans.
While the specific cash amounts were not immediately clear (also complicated by the fact that only Paramount is pursui…

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Paramount Looking To Increase Its Bid For Warner Bros. Discovery To $71 Billion

David Ellison’s Paramount Skydance is said to be turning to new partners in the Middle East to help back his offer to acquire Warner Bros. Discovery in its entirety.
Paramount Skydance has formed an investment consortium with the sovereign wealth funds of Saudi Arabia, Qatar and Abu Dhabi to submit a bid for Warner Bros. Discovery, sources told Variety. The bid is being largely backed by the Ellis…

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Saudis Reportedly Eyeing Warner Bros. Discovery With Comcast

The Public Investment Fund (PIF) of Saudi Arabia – reportedly worth upwards of a trillion dollars – may be entering the fray for a potential takeover of Warner Bros. Discovery (WBD), and it may be teaming up with Comcast Corporation.
Comcast CEO Brian Roberts recently traveled to Saudi Arabia, where he held meetings with PIF officials while exploring a WBD bid.
According to The New York Post and Pu…

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Sky New Zealand Launches Two New Channels To Replace Paramount's Offering And Cartoon Network

Sky New Zealand is launching two new self-branded channels to replace Paramount’s Nickelodeon, Nick Jr, Comedy Central and Cartoon Network, which are ceasing transmission from early December.
The new offerings, Sky Comedy and Sky Kids, will carry programming from the expiring channels in addition to new shows from a range of studios and locally commissioned content.
“Kids and comedy programming are…

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Comcast Looking To Make A Bid For Both Warner Bros. Discovery And UK Based Broadcaster ITV

Comcast’s European pay-TV business Sky is in talks to acquire U.K. TV giant ITV’s media and entertainment (M&E) unit.
In a statement early Friday morning London time, ITV said it “is in preliminary discussions regarding a possible sale of its M&E business to Sky for an enterprise value of £1.6 billion,” which translates to $2.1 billion.  
The M&E business includes ITV’s commercial free-…

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