Netflix

Paramount’s new offer for Warner Bros is not sufficient, major investor says

The investors now have until Jan 21 to accept or reject the so-called tender offer

Netflix secured a US$5 billion revolving credit facility and two US$10 billion delayed-draw term loans to refinance part of the bridge facility it took out for its Warner Bros bid.

Netflix refinances part of US$59 billion loan for Warner Bros bid

The streaming giant plans to tap capital markets to further reduce its bridge facility and extend its debt maturities

Larry Ellison's personal guarantee aims to address the Warner Bros board’s doubts over Paramount’s deal financing and lack of full family backing.

Larry Ellison offers US$40.4 billion guarantee to beef up Paramount's Warner Bros bid

Oracle co-founder agrees not to revoke the family trust during transaction

Warner Bros’ board said it found Paramount’s offer “inferior” to the merger agreement with Netflix’s.

Warner Bros Discovery board rejects rival bid from Paramount

The board says Paramount’s bid lacks adequate financing assurances

US President Trump has long had a hostile relationship with CNN and other major news organisations, branding them “fake news” and attacking them repeatedly on social media.

Trump demands CNN get new owners in Warner bidding war

US PRESIDENT Donald Trump said on Wednesday that he wants to ensure CNN gets new ownership as part of the Warner Bros Discovery sale, targeting the news outlet he has long feuded with.

In a rational world, what matters is whether consumers risk being worse off if Netflix boosts its market share.
THE BOTTOM LINE

Netflix’s Warner Bros Discovery bid is an antitrust drama without a villain

Expect lawyers to home in on the definition of ‘relevant market’ that best suits their argument

Netflix would buy just Warner Bros’ Hollywood studios and streaming business; its cable TV networks would be split off in advance of the merger. Netflix is offering US$27.75 in cash plus stock. Paramount is offering US$30 a share for the whole of Warner Bros.

How the battle over Warner Bros turned into a blockbuster

Netflix seeks studios and streaming only, while Paramount bids for the entire group

Paramount’s latest attempt means the jockeying for Warner Bros and its prized HBO and DC Comics assets will not come to a conclusion swiftly.

Warner Bros fight heats up with US$108 billion hostile bid from Paramount

Acceptance of the bid would trigger a US$2.8 billion breakup fee payable to Netflix

Netflix has “a very big market share, and when they have Warner Brothers, you know, that share goes up a lot”, the president says.

Trump warns Netflix-Warner deal may pose antitrust ‘problem’

The US president will be personally involved in the decision-making process

Warner Bros Discovery CEO David Zaslav took home more than US$200 million in salary and cash bonuses over a nearly two-decade run leading the New York-based studio.

Warner CEO Zaslav poised to become billionaire from Netflix deal

[NEW YORK] Netflix’s US$72 billion acquisition of Warner Bros Discovery is a coup for stockholders, whose shares are being bought for more than triple what they were worth as recently as April.