Netflix has offered an all cash for Warner Bros.
The aim is to push off repeat bids from Paramount Skydance (PSKY, backed by Larry Ellison, whose son David founded Skydance, and produced Top Gun -Maverick) which have been repeatedly rebuffed.
The deal would include Warner Bros film and TV studios, HBO and HBO Max, content library and streaming operations.
However, Warner Brothers (currently Warner Bros Discovery) would lose the Discovery brand (which includes CNN, Discovery Channel and Food Network, making it one of the largest linear TV operators in the world). Discovery would be taken public mid 2026.
Warner Bros has stuck with Netflix's bid and questioned Skydance's financing.
Netflix stock is up, Paramount down.
No comments:
Post a Comment