Netflix Withdraws from Warner Bros. Discovery Acquisition Battle

CNBC • 17 Apr 13:24

Netflix has ended its pursuit of acquiring Warner Bros. Discovery, opting not to match Paramount Skydance's higher bid, thereby allowing Paramount to proceed with the acquisition.

Fortune • 23 Dec 18:39

Oracle co-founder Larry Ellison has committed $40.4 billion to back Paramount's bid for Warner Bros. Discovery, addressing previous financing concerns.

The Guardian • 22 Dec 13:59

Oracle co-founder Larry Ellison has committed a personal guarantee of $40.4 billion to support Paramount's $108.4 billion bid for Warner Bros. Discovery, addressing previous concerns about the financing structure.

AP News • 21 Dec 14:11

Warner Bros. Discovery is at the center of acquisition bids from Netflix and Paramount, each presenting distinct offers amid regulatory and political scrutiny.

Bloomberg.com • 18 Dec 17:56

Warner Bros. Discovery's stock price declined to $27.61, falling below Netflix's $27.75 per share acquisition offer, following the company's rejection of Paramount Skydance's higher bid.

The Hollywood Reporter • 18 Dec 15:30

Netflix has completed an $82.7 billion deal to acquire Warner Bros. Discovery, encompassing its film and television studios, HBO Max, and HBO.

Deadline • 18 Dec 05:59

Warner Bros. Discovery's board has unanimously rejected Paramount Skydance's $108.4 billion hostile takeover bid, citing inadequate financing assurances and reaffirming its commitment to a merger with Netflix.

Deadline • 17 Dec 23:42

Warner Bros. Discovery's board has unanimously rejected Paramount Skydance's $108.4 billion hostile takeover bid, citing inadequate value and significant risks, while reaffirming support for a merger with Netflix.

CNN • 17 Dec 21:30

Senators Elizabeth Warren and Richard Blumenthal have called for Attorney General Pam Bondi to recuse herself from the antitrust review of Warner Bros.' deal with Netflix, citing potential conflicts of interest.

CNN • 17 Dec 12:02

Warner Bros. Discovery's board has rejected Paramount Skydance's $108.4 billion hostile takeover bid, citing financing concerns, and is recommending shareholders approve a $72 billion acquisition offer from Netflix.

BBC • 17 Dec 02:32

Warner Bros. Discovery is expected to advise shareholders to reject Paramount Skydance's $108.4 billion takeover offer, favoring an existing agreement with Netflix.

The New York Times • 17 Dec 00:56

Affinity Partners, led by Jared Kushner, has exited its involvement in Paramount's $108.4 billion bid for Warner Bros. Discovery, citing changing investment dynamics.

NBC News • 16 Dec 21:49

Affinity Partners, led by Jared Kushner, has exited its role in financing Paramount Skydance's $108.4 billion bid for Warner Bros. Discovery, citing changed investment dynamics.

Deadline • 12 Dec 21:52

The valuation of Warner Bros. Discovery's cable networks is a pivotal factor in acquisition bids from Netflix and Paramount.

The Hollywood Reporter • 11 Dec 18:53

Late-night host Stephen Colbert humorously addresses Paramount's substantial bid for Warner Bros. Discovery, questioning the cancellation of his own show amid the company's financial moves.

Deadline • 10 Dec 23:59

As Netflix and Paramount vie for Warner Bros. Discovery, CEO David Zaslav's role post-acquisition remains unclear.

The Hollywood Reporter • 10 Dec 22:07

David Ellison, CEO of Paramount Skydance, has reached out directly to Warner Bros. Discovery shareholders, advocating for his company's acquisition proposal over Netflix's offer.

Deadline • 09 Dec 22:59

Paramount Skydance has initiated a $108.4 billion all-cash hostile takeover bid for Warner Bros. Discovery, challenging Netflix's earlier $72 billion acquisition agreement.

The Hollywood Reporter • 08 Dec 20:37

Netflix co-CEO Ted Sarandos expresses confidence in completing the Warner Bros. acquisition despite Paramount's competing offer.

Engadget • 08 Dec 19:38

Paramount has initiated a $108.4 billion hostile takeover bid for Warner Bros. Discovery, challenging Netflix's prior $82.7 billion agreement.

The Hollywood Reporter • 08 Dec 14:09

Paramount has launched a hostile takeover bid for Warner Bros. Discovery, offering $30 per share in cash, surpassing Netflix's previous offer.

CNN • 05 Dec 03:52

Netflix has submitted the highest bid for Warner Bros. Discovery's studio and streaming divisions, valuing them at approximately $28 per share.

CNN • 05 Dec 03:52

Netflix has submitted the highest bid for Warner Bros. Discovery's studio and streaming divisions, valuing them at approximately $28 per share.

Deadline • 04 Dec 22:32

Paramount Skydance has raised concerns over the fairness of Warner Bros. Discovery's sale process, alleging favoritism towards Netflix and highlighting potential antitrust issues with competing bids.

The Hollywood Reporter • 04 Dec 15:33

Paramount Skydance has raised concerns over the fairness of Warner Bros. Discovery's sale process, alleging favoritism towards Netflix.

Variety • 04 Dec 15:23

Paramount Skydance has raised concerns over the impartiality of Warner Bros. Discovery's sale process, alleging favoritism towards Netflix and seeking confirmation of an independent evaluation committee.

Deadline • 04 Dec 15:10

Paramount Skydance has raised concerns over the impartiality of Warner Bros. Discovery's sale process, alleging favoritism towards Netflix.

CNBC • 04 Dec 13:00

Warner Bros. Discovery has received acquisition bids from Paramount Skydance, Comcast, and Netflix, each proposing different structures for the potential deal.

Bloomberg.com • 03 Dec 23:53

Paramount Skydance has raised its proposed breakup fee to $5 billion in its bid to acquire Warner Bros. Discovery, signaling confidence in regulatory approval.

The Hollywood Reporter • 02 Dec 15:43

Warner Bros. Discovery is evaluating second-round acquisition bids from Netflix, Paramount, and Comcast, with decisions expected in the coming weeks.

Deadline • 01 Dec 23:54

Warner Bros. Discovery has received updated acquisition offers from Paramount, Comcast, and Netflix, with bids focusing on various segments of the company.