Paramount Seizes WB Discovery, Redrawing Hollywood Power After Netflix Walks
TL;DR Summary
Paramount Skydance’s $31-per-share bid to acquire Warner Bros. Discovery topped Netflix’s $27.75 offer, prompting Netflix to walk away and secure a $2.8 billion breakup fee. The deal, backed by Larry Ellison, hinges on regulatory approval and Paramount’s ability to de-leverage a massive debt load, signaling a dramatic reordering of Hollywood’s studios and streaming landscape.
Topics:top-news#business#larry-ellison#mergers-and-acquisitions#netflix#paramount-skydance#warner-bros-discovery
- ‘David Ellison Scares the S— Out of Me’: How Paramount Beat Out Netflix, Won Warner Bros. and Will Change Hollywood Forever Variety
- CNN Braces for Ellison's Control status.news
- Paramount–Skydance looks set to buy Warner Bros Discovery BBC
- Netflix Just Avoided a Huge Headache The Atlantic
- ‘Horrifying’: Hollywood blasts Trump’s role in studio sale Politico
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