The company Paramount Skydance According to Warner Bros. Discovery has increased its offer to take over the group. Paramount is now offering $31 per share, Warner Bros. said. With this step, the company wants to complete the already agreed sale of Warner to the streaming provider
Netflix still prevent.
According to Warner, there are said to have been further changes to Paramount’s purchase offer after Warner agreed to a takeover deal with Paramount Netflix had let in. If Warner judges Paramount’s new bid to be superior, Netflix would have four days to catch up with Paramount.
Paramount wants a complete takeover, Netflix only wants the studio and streaming business
The two bidders have different purchasing goals. Paramount wants to completely take over Warner Bros. Discovery and with it channels like CNN. It initially offered Warner shareholders $30 per share, the offer was worth about $108 billion, including debt. Now, according to Warner, the offer has increased by a dollar per share.
Netflix, on the other hand, only wants the studio and Streaming business Buy from Warner and offers around 83 billion dollars for this, including debt. Warner’s management has repeatedly spoken out in favor of Netflix’s offer.
In both cases the takeover the film– and reshape the media industry. The streaming service HBO Max would be affected Harry Potter-Films and possibly also the news channel CNN.
The dispute over the takeover now also has one political side: Netflix co-founder Reed Hastings supports the opposition Democrats with donations. Paramount Skydance is led by David Ellison and supported by his father, Oracle billionaire Larry Ellison. Larry Ellison is on the side of the US President Donald Trump.
