… According to a Reuters report, California and New York are among states preparing a lawsuit to block the deal. The deal has faced scrutiny since it was announced back in February , when Paramount officially beat out Netflix in its attempt to buy Warner Bros. following multiple bids . …
… After months of negotiations and a lawsuit from Paramount, Netflix withdrew its bid on February 26, 2026 . This decision came after Paramount raised its all-cash offer to $31 per share, valuing the deal at $111 billion. …
… It’s also tossing in a $0.25 per share “ticking fee” that it would pay shareholders for every quarter its deal hasn’t closed beyond December 31st, 2026. David Ellison Adds New Sweeteners In Hostile Paramount Megadeal Bid For Warner Bros. …
… In his note to the DOJ, Delrahim said that the merged company would not reduce headcount in production, “studio operations staff, or the skilled trade labor that the Teamsters and other unions represent.” Delrahim blames merger concerns on fear-mongering, antisemitism Although Netflix backed out of… …
… The latest reported cuts followed the ongoing acquisition of Warner Bros. Discovery . Netflix initially agreed to acquire the media giant in December for $82.7 billion, but Paramount Skydance outbid the streaming service last month. …
… Paramount Skydance is currently in the middle of trying to acquire Warner Bros ., with Ellison reportedly promising President Trump that if the deal goes through, he would make big changes to CNN, a news network Trump hates. …
… If true, it aligns with comments made by Netflix CEO Ted Sarandos, who recently said that the deal under which Paramount outbid his firm for control of Warner Bros, including its storied games division, would be "dependent on a lot of cost-cutting" thanks, GamesIndustry.biz . …
… Ideally, if you buy a film, you should be able to store it in one central digital locker and have universal access to it. …
… Paramount Skydance is currently in the process of acquiring Warner Bros. …
The acquisition of movie giant Warner Bros. has become something of a popcorn-munching spectacle, as Netflix and Paramount vie to absorb the storied company. At the time of writing, it seems like Paramount will be the likely suitor, having significantly upped its bid . …