Sign In
Free Newsletter
Paramount extends deadline on hostile Warner Bros bid to February 20
Paramount Skydance extends its Warner Bros Discovery tender offer as investors weigh a rival all-cash bid from Netflix.
Netflix makes all-cash bid for Warner Bros assets
LOS ANGELES, Jan 20 (Reuters) – Netflix has switched to an all-cash offer for Warner Bros Discovery’s studio and streaming assets without increasing the $82.7 billion price in a bid to shut the door on Paramount‘s rival efforts to snag the Hollywood giant. The new all-cash bid – at $27.75 a share – has unanimous […]
Paramount Skydance sues Warner Bros for details on Netflix deal
Jan 12 (Reuters) – Paramount Skydance on Monday sued Warner Bros Discovery for more information on a rival $82.7 billion deal with Netflix, escalating a battle to take control of one of the most storied Hollywood studios. The David Ellison-led company also said it plans to nominate directors to Warner Bros Discovery’s board, in one […]
Warner Bros bidding war and red hot M&A market has dealmakers working through holidays
NEW YORK, Dec 22 (Reuters) – A flurry of multi-billion-dollar deals has bankers and advisers from Wall Street to Canary Wharf packing laptops next to presents and warning family and friends their holiday vacations over the next two weeks will be cut short. There have been $463.6 billion in mergers and acquisitions announced this month, […]
Warner Bros bidding war and red hot M&A market has dealmakers working through holidays
NEW YORK, Dec 22 (Reuters) – A flurry of multi-billion-dollar deals has bankers and advisers from Wall Street to Canary Wharf packing laptops next to presents and warning family and friends their holiday vacations over the next two weeks will be cut short. There have been $463.6 billion in mergers and acquisitions announced this month, […]
Warner Bros Discovery board rejects rival bid from Paramount
LOS ANGELES, Dec 17 (Reuters) – Warner Bros Discovery’s board rejected Paramount Skydance‘s $108.4 billion hostile bid on Wednesday, saying it failed to provide adequate financing assurances. In a letter to shareholders, disclosed in a regulatory filing, the board wrote that Paramount had “consistently misled” Warner Bros shareholders that its $30-per-share cash offer[...]
Stocks slip as S&P 500 pulls back from record high
U.S. stocks fell from record levels as Treasury yields rose ahead of the Fed meeting, with the S&P 500, Dow and Nasdaq all edging lower.
Paramount launches $74B hostile bid for Warner Bros.
Paramount has made a $74.4B hostile bid for Warner Bros. Discovery, challenging Netflix’s $72B deal and escalating the fight for the studio.
Paramount to cut 2,000 jobs after Skydance merger
General Motors is cutting about 1,700 jobs in Michigan and Ohio as slower EV demand and regulatory shifts reshape production plans.
Warner Bros. Discovery weighs sale after receiving buyout offers
Warner Bros. Discovery is reviewing potential sale options after receiving multiple offers for all or part of the company, including interest from major rivals.
US stocks drift and Chinese markets rise as trade talks start between the world’s largest economies
Stocks edged higher as U.S.-China trade talks resumed, fueling hopes of tariff relief. Wall Street remained cautious ahead of inflation data.
Warner Bros. Discovery to split into two companies, dividing cable and streaming services
Warner Bros. Discovery will split into two companies, separating cable from streaming as cord-cutting reshapes the entertainment industry.
