Paramount Launches Hostile Takeover Offer For Warner Bros. Discovery

Paramount today announced it has commenced an all-cash tender offer to acquire all of the outstanding shares of Warner Bros. Discovery for $30.00 per share in cash.
Screen Daily

Netflix execs talk WB bid, tell conference they are “deeply committed” to theatrical

Co-CEOs Ted Sarandos and Greg Peters were talking about the UBS Conference, when the former addressed Paramount’s $108.4bn all-cash hostile bid, saying: “Today’s move was entirely expected. We have a deal done, and we are incredibly happy with the deal.”
MediaPost

Netflix, WB Deal Leaves Basic Cable Out In The Cold

But in the process of absorbing Warner Bros., Netflix passed on the basic-cable side of Warner Bros. Discovery, leaving the company’s portfolio of basic-cable platforms -- at least 25 by my count on the WBD corporate website -- to sink or swim on their own.
/Film on MSNOpinion

What Netflix Buying Warner Bros. Means For The Future Of Professional Wrestling (It's Complicated)

We expect Netflix acquiring Warner Bros. to hurt theatrical releases, but its effect on the wrestling landscape (particularly the AEW) is more complicated.

Combined Netflix-Warner Bros Biz Would Generate Annual APAC Revenues Of $6.6B – MPA

The juggernaut created by a merged Netflix and Warner Bros. Discovery would have annual revenues of $6.6B in the Asia-Pacific region, per MPA.
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