John Oliver Swipes at Paramount's WBD Takeover Deal: How the F*ck Do I Get Out of This?'

"Yeah, not great news, he joked, as the audience laughed. In fact, if I may quote anyone who's ever accidentally sat on their Roku remote, 'Oh sh*t! I'm in Paramount now, how the f*ck do I get out of this?' The deal progressed after Netflix formally declined to increase its offer for WBD, following the company's declaration that Paramount Skydance's bid constituted a superior proposal to Netflix's existing agreement."

"Paramount agreed last week to purchase all outstanding WBD shares at $31 per share in cash. The companies say the deal is expected to close in the third quarter of 2026, pending regulatory clearances and shareholder approval. Opening Last Week Tonight, which sits under the WBD umbrella as part of HBO, the host addressed the looming corporate shake-up Sunday to tell viewers his network might be getting a new business daddy."

Paramount has agreed to purchase all outstanding shares of Warner Bros. Discovery at $31 per share in cash, with the deal anticipated to close in the third quarter of 2026 pending regulatory approval and shareholder consent. John Oliver, host of Last Week Tonight under HBO's WBD umbrella, responded to the acquisition announcement with humor, expressing concern about the corporate restructuring. He joked that the network would be getting a new business owner and made a comedic reference comparing the situation to accidentally navigating into Paramount. The deal progressed after Netflix formally declined to increase its offer for WBD, following Paramount Skydance's superior proposal declaration.

Read at www.mediaite.com