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We all know that Paramount Skydance finally won the bidding war for Warner Bros. Discovery. But who was the real winner in this takeover tussle of the century? The epic, six-month tango between some of the largest players in media for the owner of the Warner Bros. studio, HBO Max streamer and CNN came to […]
There were several reasons why streaming giant Netflix pulled out of the bidding war for Warner Bros. Discovery. You might want to add Susan Rice to the list. The former Obama national security adviser, UN ambassador, partisan Democrat and currently a Netflix board member made a splash last week, and not in a good way. Just as the Trump administration’s Department […]
Netflix CEO Ted Sarandos failed Thursday to convince a skeptical Trump administration to approve his proposed takeover of Warner Bros. Discovery – and with that, his nearly done deal to buy WBD’s streaming service and studio went into a death spiral. Late Thursday, WBD deemed a revised bid of $31 a share from rival Paramount […]
Netflix CEO Ted Sarandos arrives at the White House on Feb. 26, 2026 in Washington, DC. Andrew Leyden | Getty Images Netflix is walking away from a deal to buy Warner Bros. Discovery’s studio and streaming assets after the WBD board on Thursday deemed a revised bid by Paramount Skydance to be a superior offer. […]
President Donald Trump late Saturday called on Netflix to fire board member Susan Rice or “pay the consequences,” after she said Democrats would push for corporate accountability if they regain power in the November midterm elections. In a Truth Social post on Saturday, Trump described Rice, who served as President Joe Biden’s domestic policy chief […]
Warner Bros. Discovery announced Tuesday it will restart talks with Paramount Skydance following the media giant’s revised offer – potentially heating up a bidding war with Netflix once again. Paramount last week sweetened its $30 per share all-cash offer with an agreement to pay the $2.8 billion termination fee to Netflix, as well as a […]
Paramount Skydance has now initiated what insiders are calling “Plan D” as they look to upend Netflix’s “winning” bid for Warner Bros. Discovery, The Post has learned. It involves banging home to investors the immense amount of regulatory uncertainty involved in the Netflix deal and how that could spell trouble not just for the transaction […]
Inside the Paramount Skydance camp, there’s a running joke about what new “excuse” Warner Bros. Discovery will come up with next to reject PSKY’s latest “sweetened” takeover offer for the media conglomerate. “This time, I bet they say they don’t like the type of paper we use,” quipped one person on the Paramount team. There’s […]
Paramount Skydance on Monday doubled down on its hostile bid for Warner Bros. Discovery, amending its $30-per-share all-cash offer to include a massive personal guarantee from Oracle billionaire Larry Ellison. The media company said Ellison has agreed to personally back $40.4 billion of the equity financing for the deal, a move aimed at countering Warner […]
Paramount Skydance has no immediate plans to sweeten its $30-a-share, all-cash bid for Warner Bros. Discovery – instead continuing to make its case to shareholders that its $78 billion offer is superior to the company’s current deal with streaming giant Netflix, The Post has learned. Paramount Skydance’s owners David and Larry Ellison and their partners […]
