WBD)'s sale of Warner Bros., including its film and television studios, HBO Max and HBO, to Netflix, Inc. for $23.25 in cash and $4.501 in shares of Netflix common stock for each share of WBD ...
The updated bid comes after WBD’s board suggested to shareholders last week that Paramount’s previous offer couldn’t be fully trusted because it relied on the “unknown and opaque reversible” Ellison family trust.
A WBD spokesperson did not respond to a request for comment ... Any potential action called by the union over the Netflix-WBD deal could bring Hollywood movie and TV productions to a grinding halt.
Discovery, but one of WBD’s major investors isn’t having it ...Harris, as of the end of September, owns about 4% of WBD shares with 96 million shares in total ... It’s the kind of amendment that top shareholders at WBD seemed open to.
Discovery, to address WBD’s concerns. On December 17, WBD asserted that the equity backing from the Ellison family trust was inadequate, and that the only fix would be a personal guarantee from Larry Ellison.
Discovery, without increasing the price, after WBD's board affirmed its backing of rival Netflix's offer ... This change by Paramount directly responds to objections raised by the WBD in response to its last offer.
Paramount said on Monday that Ellison has provided an “irrevocable personal guarantee” covering $40.4 billion of equity financing for its $108 billion all-cash offer for WBD... WBD shareholders have delivered mixed signals.
The amended offer is condition among other things, on WBD continuing to own 100% of its global networks business ... “Paramount has repeatedly demonstrated its commitment to acquiring WBD ... “WBD ...
... and Canada over its opening weekend, the performance was solid rather than spectacular, highlighting broader challenges confronting the industry.Netflix WBD deal to lead to studio consolidation risks.