"If the deal goes through, this would mean streaming giant Netflix would own one of its big rivals, HBO Max, and presumably look to merge the two services. It would also own Warner's entire movie business including New Line Cinema, all of DC Entertainement, the Discovery network of channels, and multiple networks like CNN, TBS, TNT and the Cartoon Network. And, of course, Warner Bros. Games."
"Warner Bros. boss David Zaslav has been making it clear he wants to sell the company for a good while now, but holding out for a big exit. In October this year he turned down a bid from Paramount said to be at $20 a share, with Bloomberg claiming the CEO was holding out for 50 percent higher. That valuation seemed crazy, and it was assumed that Paramount came in much lower to test the waters,"
"In a normal universe, this would be the sort of deal that would be tangled in monopolistic concerns for years to come, as people questioned the unparalleled power this could offer Netflix over multiple industries. However, given other recent mergers that have taken place after, um, payments made to the Trump orbit, what might happen is anyone's guess. However, earlier talk last month of the potential deal between Netflix and Warner resulted in antitrust concerns being raised,"
Netflix is in exclusive talks to acquire Warner Bros. Discovery for a rumored $30 per share, having outbid other suitors. The acquisition would bring HBO Max, Warner's movie studios including New Line, DC Entertainment, Discovery networks, CNN, TBS, TNT, Cartoon Network, and Warner Bros. Games under Netflix control. Warner CEO David Zaslav previously rejected a $20-per-share Paramount bid while seeking a higher valuation. The proposed takeover raises substantial antitrust and monopolistic concerns given Netflix’s expanded reach across streaming, film, television, news, and gaming. Political influence and recent merger precedents create uncertainty over regulatory outcomes.
Read at Kotaku
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