"Netflix is the frontrunner to become Warner Bros.' new owner, but the war for control of the legacy studio isn't over just yet. Paramount Skydance has made its own outsize offer for the company that would give CEO David Ellison even more control over the news and entertainment landscape. And while Warner Bros. Discovery has repeatedly turned down Paramount Skydance's previous offers, Netflix's bid could also fall apart as it's subjected to regulatory scrutiny by the Federal Trade Commission and Department of Justice."
"As much as WBD head David Zaslav and Netflix co-CEO Ted Sarandos and Greg Peters might want this whole process to be a done deal, it's not and there are a number of different ways it could all work out. Regardless of which - if any - of the interested parties acquires Warner Bros., ax merger this large would send shockwaves through the entertainment world. This kind of corporate consolidation might benefit the companies' shareholders."
Netflix currently leads a competitive effort to acquire Warner Bros. with an $82.7 billion offer combining cash and stock that would close after Warner Bros. Discovery splits into two companies. Paramount Skydance has responded with a $108.4 billion all-cash bid that would transfer control of Warner Bros.' studios and HBO assets and expand CEO David Ellison's influence. Regulators at the Federal Trade Commission and Department of Justice could subject any transaction to antitrust review. Large-scale consolidation may increase shareholder value, reduce consumer choice, and worsen job and financial prospects for nonexecutive entertainment workers.
Read at The Verge
Unable to calculate read time
Collection
[
|
...
]