tldrdaily.news logo
Tag

Netflix Merger

All articles tagged with #netflix merger

Paramount Boosts Warner Bid to $31/Share, Eyes Superior Deal Over Netflix
business10 days ago

Paramount Boosts Warner Bid to $31/Share, Eyes Superior Deal Over Netflix

Paramount Skydance has raised its bid for Warner Bros. Discovery to $31 per share (with a 25-cent quarterly ticking fee) plus a $7 billion regulatory termination fee and other funding provisions, in a move that could yield a “superior proposal” to the Netflix deal. WBD’s board says it will continue to evaluate the revised bid and pursue discussions to see if a superior proposal can be reached, while Netflix’s deal remains in effect and remains subject to the usual approvals and a March 20 vote. Netflix did not comment.

via Variety|
#business#manda-bid#netflix-merger
Paramount Skydance Opens Door to WBD Talks Without Hinting a Higher Bid
business17 days ago

Paramount Skydance Opens Door to WBD Talks Without Hinting a Higher Bid

Paramount Skydance said it is prepared to engage in good-faith discussions with Warner Bros. Discovery within the seven-day negotiating window opened by WBD, but offered no indication it would raise its $30-per-share all-cash bid. WBD pressed for clarity on a higher proposal (noting a potential price above $31 per share) and scheduled March 20 for the Netflix merger vote, while Paramount said it would continue its tender offer and nominate directors, arguing its offer remains superior to Netflix’s deal.

via Variety|
#business#netflix-merger#paramount-skydance
Cruz Grills Netflix Over Billie Eilish Grammys Speech at Antitrust Hearing
politics1 month ago

Cruz Grills Netflix Over Billie Eilish Grammys Speech at Antitrust Hearing

During a Senate antitrust hearing on Netflix’s proposed takeover of Warner Bros. Discovery, Sen. Ted Cruz pressed Netflix CEO Ted Sarandos and WBD chief Bruce Campbell about Billie Eilish’s Grammys speech, arguing it showed Hollywood’s left-leaning politics and alleging cultural corruption. Sarandos offered a cautious laugh in response, while Eilish’s representative did not comment. The hearing also explored competition, theatrical windows, and labor implications in the entertainment industry.

via The Hollywood Reporter|
#antitrust-hearing#billie-eilish#grammy-speech