Warner Bros. reopens takeover talks with Paramount
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DOJ probes how Warner Bros. sale could impact movie theaters, potentially lead to fewer new films
The Justice Department is reportedly probing how a sale of Warner Bros. Discovery could impact moviegoers – and potentially lead to fewer new film releases — as Netflix pushes ahead with its winning bid after WBD restarted talks with rival Paramount Skydance.
Warner Bros. Discovery (NASDAQ:WBD) on Tuesday rejected the latest hostile takeover bid from Paramount Skydance (NASDAQ:PSKY), giving the David Ellison-led company until February 23 to submit its "best and final offer.
A combination would offer more leverage to go after a bigger slice of Madison Avenue’s dollars, experts tell TheWrap
Harry Potter's new HBO Max series is being talked up as the "streaming event of the decade" by one Warner Bros boss.
4don MSN
Warner Bros. may reopen sale talks with Paramount following new deal terms, Bloomberg reports
Warner Bros. board members are weighing whether Paramount's sweetened bid may result in a better deal or prompt Netflix to up its offer, Bloomberg reports.
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Netflix Ted Sarandos goes on offensive in battle for Warner Bros in critical week: "We are the business of more"
Sarandos also provides some hints of the future of HBO under Netflix and what the future of theatrical would look like.
Warner Bros. Discovery has a number of questions for David Ellison, but the crucial one is this: Will his Paramount Skydance hoist its bid for WBD to over $31 per share? The M&A jousting over Warner Bros.
Netflix is a global streaming leader with 325m+ subscribers, 97%+ retention, and immense operating leverage. Read why I rate NFLX stock a Buy now.