Paramount Skydance Wins the Battle for Warner Bros. Discovery as David Ellison Makes Huge Move Titelbild

Paramount Skydance Wins the Battle for Warner Bros. Discovery as David Ellison Makes Huge Move

Paramount Skydance Wins the Battle for Warner Bros. Discovery as David Ellison Makes Huge Move

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 Warner Bros. Discovery's board declared Paramount Skydance's revised $31-per-share all-cash bid a "superior proposal" over Netflix's existing merger agreement, triggering a match window that Netflix ultimately declined.
Netflix co-CEOs Ted Sarandos and Greg Peters stated the deal was "no longer financially attractive" at the price required to match Paramount Skydance's offer, effectively ending a months-long bidding war.
Paramount Skydance, led by David Ellison — son of Trump ally and Oracle co-founder Larry Ellison — sweetened its offer multiple times, ultimately raising its bid 63% from its original September proposal to secure the deal.
A combined Paramount-WBD entity would merge HBO Max with Paramount+, unite Warner Bros. and Paramount Skydance Studios, and place both CNN and CBS News under a single ownership structure.
WBD shareholders emerged as the clear financial winners, with the stock surging 78% during the bidding war, while Paramount and Netflix shares fell 36% and 30% respectively.
The deal includes a $7 billion regulatory termination fee and Paramount's agreement to absorb WBD's $2.8 billion Netflix breakup fee, giving WBD shareholders significant financial protection.
Political undertones were prominent throughout the process — David Ellison attended Trump's State of the Union as a guest of Sen. Lindsey Graham while Netflix's Ted Sarandos was seen arriving at the White House on the same day Netflix declined to match the bid.
The deal still faces a WBD shareholder vote scheduled for March 20 and significant regulatory review before it can be finalized.
Read More: https://economiccollapse.report/paramount-skydance-wins-the-battle-for-warner-bros-discovery-as-david-ellison-remakes-the-media-landscape/
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