Netflix Makes Cash Offer To Buy Warner Bros. Discovery
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Antitrust officials are likening the Netflix purchase of WBD to Ticketmaster buying a popular entertainment venue like Madison Square Garden.
Netflix's proposed bid to acquire Warner Bros Discovery's studios and streaming unit could lead to a cheaper streaming bundle.
(Dec 4): Paramount Skydance Corp more than doubled the proposed break-up fee in its offer to acquire Warner Bros Discovery Inc to US$5 billion ($6.48 billion), according to people familiar with the company’s offer, part of a sweetened proposal designed to outshine rival bids.
Paramount Skydance CEO David Ellison has backed out of the New York Times’ DealBook Summit as the media giant is involved in a bidding war for Warner Bros. Discovery.