"The two companies are battling to buy Warner Bros. Discovery (or, in Netflix's case, just its streaming and studios assets). The fight pits Paramount's David Ellison, backed by his father Larry's billions, against entertainment's reigning champion of paid streaming. WBD accepted Netflix's bid, but it's far from over, as Paramount went hostile last week with its own $108 billion offer. The WBD board on Wednesday recommended that shareholders reject that hostile offer. Now, it's Ellison's move. Will he sweeten his bid?"
"Hollywood's latest clash of the titans: Netflix versus Paramount. The two companies are battling to buy Warner Bros. Discovery (or, in Netflix's case, just its streaming and studios assets). The fight pits Paramount's David Ellison, backed by his father Larry's billions, against entertainment's reigning champion of paid streaming. WBD accepted Netflix's bid, but it's far from over, as Paramount went hostile last week with its own $108 billion offer."
Netflix and Paramount are engaged in a high-stakes bidding battle for Warner Bros. Discovery assets. Netflix's offer for WBD's streaming and studios businesses was accepted, but Paramount launched a hostile $108 billion proposal led by David Ellison with backing from his father Larry Ellison. The WBD board recommended shareholders reject Paramount's hostile bid. The contest raises questions about consolidation, antitrust scrutiny, political considerations, and the role of creators in modern media. Paramount may choose to increase its offer. The outcome will affect streaming competition, studio ownership, and the broader media landscape.
Read at Business Insider
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