Tag: $Warner Bros Discovery Inc

 Investors will look for Netflix (NFLX) to emphasize content spending and ad business growth as key ​drivers when it reports quarterly earnings on Thursday, marking ‌the streaming giant’s first results since its failed bid for Warner Bros Discovery.

Paramount Skydance has triumphed in its months-long campaign to scupper Netflix’s deal to buy Warner Bros Discovery, after its $111bn bid for the Hollywood studio drove the streaming giant to walk away.

Warner Bros. Discovery has logged higher-than-anticipated fourth-quarter income, with the Hollywood stalwart saying it is “well positioned” to deliver long-term success as it considers rival takeover bids from Paramount Skydance and Netflix.

Warner Bros. Discovery on Tuesday said it had received a higher takeover offer from Paramount Skydance and will review the new bid under the terms of its existing deal with Netflix.

Warner Bros. Discovery (WBD) is reopening talks with Paramount Skydance, giving the CBS owner seven days to submit its best and final offer.

Activist investor Ancora Holdings has built a stake in Warner Bros Discovery (WBD) and plans to oppose the media company’s deal with Netflix for its studios and streaming assets, in the latest twist to the heated Hollywood takeover battle.

Netflix has adjusted its offer for Warner Bros. Discovery’s studio and streaming assets to an all-cash bid, according to an SEC filing on Tuesday.

Shares of streaming giant Netflix (NFLX) closed up 1% Tuesday on a report from Bloomberg that said it was considering changing its bid for Warner Bros. to an all-cash offer. Any revised offer would be aimed at expediting the sale.

The Warner Bros. Discovery board on Wednesday once again unanimously recommended that WBD shareholders reject a hostile takeover offer from Paramount Skydance.

Warner Bros Discovery (WBD), opens new tab will likely reject Paramount Skydance’s (PSKY), opens new tab amended $108.4 billion hostile bid for the storied Hollywood studio despite a personal guarantee from billionaire Larry Ellison backing the media giant’s offer, according to a person familiar with the matter.

Netflix (NFLX) has refinanced a part of its $59 billion bridge loan to support its potential acquisition of Warner Bros Discovery’s (WBD) film, TV studios and streaming assets, according to a regulatory filing on Monday.

Paramount Skydance amended its $30 a share, all-cash offer for Warner Bros. Discovery on Monday, with Paramount shareholder and Oracle founder Larry Ellison now guaranteeing $40.4 billion of the equity financing for the bid, and any damages claims against Paramount.

The Warner Bros. Discovery board on Wednesday said it unanimously recommended that WBD shareholders reject a takeover offer from Paramount Skydance and stick with a “superior” proposal from Netflix

Netflix’s (NFLX) decision to acquire assets from ​Warner Bros Discovery has ‌not changed and the hostile bid ‌from Paramount Skydance was “entirely expected”, its co-CEOs Greg Peters and Ted Sarandos said in ⁠a letter ‌to employees on Monday.

U.S. President Donald Trump said on Sunday that he would have a say whether a proposed merger between Netflix and Warner Brothers should go forward, telling reporters the market share of a combined entity could raise concerns.

Netflix announced Friday it’s reached a deal to buy pieces of Warner Bros. Discovery, bringing a swift end to a dramatic bidding process that saw Paramount Skydance and Comcast also vying for the legacy assets.

Netflix has sweetened its offer for Warner Bros. Discovery in a second round of bids as it tries to outdo rival Paramount.

Paramount, Comcast and Netflix are preparing bids for Warner Bros. Discovery , according to people familiar with the matter.

Netflix may be about to add Harry Potter and Batman to the vast library of characters it controls. The video streamer is weighing up making a bid for Warner Bros. Discovery’s streaming and studios business, according to a report.

Warner Bros. Discovery was rising again on Friday, as investors carried on weighing up a report of interest from Paramount Skydance that could upend the U.S. entertainment industry.