Warner Bros. Discovery accepts Netflix’s amended all-cash $72B offer, agrees to sell its studios and streaming business for $27.75 a share
Warner Bros. Discovery has accepted a new all-cash offer from Netflix on Tuesday, agreeing to sell its studios and streaming business for $27.75 a share as the companies move toward a shareholder vote in the face of a hostile bid from Paramount.
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Paramount's next hostile move on Warner Bros. is stacking the board with its own picks
Paramount is no longer content to lob offers from the outside in its hostile pursuit of Warner Bros Discovery. Its next move is to try to rewire power from within, stacking the Warner Bros board with its own nominees and turning a takeover battle into a fight over who actually runs the company.
Netflix and Paramount are fighting over Warner Bros. Discovery. Here’s the regulatory outlook
Warner Bros. Discovery is caught in a battle between Netflix and Paramount and chances are, it will be a long, bumpy regulatory road ahead.
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