Paramount

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

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

Paramount is expected to bid for all of Warner Bros Discovery, including its cable television networks.

Paramount, Comcast and Netflix submit bids for Warner Bros Discovery: source

The bids represent the first step in the possible sale of all or part of the century-old Hollywood studio