Paramount

Netflix will now pay all cash for Warner Bros to keep Paramount at bay

The new all-cash bid – at US$27.75 a share – has unanimous support from the Warner Bros board

Paramount has been pursuing Warner Bros for four months and has submitted multiple offers for the iconic Hollywood studio, all of which have been rebuffed by Warner Bros’ board.

Paramount launches Warner Bros proxy fight, files suit

The battle between Netflix and Paramount stands to reshape the entertainment industry regardless of who wins

The Warner Bros studio lot in Burbank. Paramount and Netflix have been vying to win control of the company, and with it, its prized film and television studios and its extensive content library.

Warner Bros rejects revised Paramount bid, sticks with Netflix

The offer hinges on ‘extraordinary amount of debt financing’ that heightens risk of closing, the board tells shareholders

The decision could keep Warner Bros on track to pursue a rival cash-and-stock deal with Netflix despite Paramount’s attempt to sweeten its offer.

Warner Bros likely to reject Paramount’s latest hostile bid, source says

Paramount says its offer is more market-proof than Netflix’s proposal

The board of Warner Bros unanimously recommended that shareholders reject Paramount’s earlier bid in favour of Netflix’s offer.

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

The layoffs reflect an adjustment to AI adoption and other economic shifts.

From Amazon to Microsoft, AI is driving thousands of job cuts worldwide

Global banks alone will let go of as many as 200,000 employees in the next three to five years

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