{"id":26606,"date":"2026-01-07T22:06:35","date_gmt":"2026-01-07T14:06:35","guid":{"rendered":"https:\/\/sgbuzz.com\/?p=26606"},"modified":"2026-01-07T22:06:35","modified_gmt":"2026-01-07T14:06:35","slug":"warner-bros-rejects-paramounts-updated-us108-million-bid-prefers-netflix-deal","status":"publish","type":"post","link":"https:\/\/sgbuzz.com\/?p=26606","title":{"rendered":"Warner Bros rejects Paramount\u2019s updated US$108 million bid, prefers Netflix deal"},"content":{"rendered":"


\n<\/p>\n

\n

Warner Bros Discovery\u2019s board has unanimously turned down Paramount Skydance\u2019s (PSKY) latest attempt to acquire the studio, saying its revised US$108.4 billion \u200chostile bid amounted to a risky leveraged buyout that investors should reject.<\/p>\n

In a letter to shareholders on Wednesday, Warner Bros\u2019 board said Paramount\u2019s offer hinges on \u201can extraordinary amount \u200dof debt financing\u201d that heightens the risk of closing. It reaffirmed its commitment to streaming giant Netflix\u2019s US$82.7 billion deal for the film and television studio and other assets.<\/p>\n

Paramount and Netflix have been vying to win control of Warner Bros, and its prized film and television studios and its extensive content library. Its lucrative entertainment franchises include Harry Potter<\/em>, Game of Thrones<\/em>, Friends<\/em> and the DC Comics universe, as well as coveted classic films such as Casablanca<\/em> and Citizen Kane<\/em>.<\/p>\n

Paramount\u2019s financing plan would saddle the smaller Hollywood studio with US$87 \u2060billion in debt once the acquisition closed, making it the largest leveraged buyout in history, the Warner Bros board told shareholders after voting against the US$30-per-share cash offer on Tuesday. The letter accompanied a 67-page amended merger filing where it laid out its case for rejecting Paramount\u2019s offer.<\/p>\n

\n
\n
\n
\"Warner<\/div>
Warner Bros has rebuffed Paramount\u2019s risky bid, opting for Netflix\u2019s safer offer in Hollywood\u2019s takeover saga. Photo: EPA<\/figcaption><\/figure>\n<\/div>\n<\/div>\n

The revised Paramount offer \u201cremains inadequate particularly given the insufficient value it would provide, the lack of certainty in PSKY\u2019s ability to complete the offer, and the risks and costs borne by WBD shareholders should PSKY fail to complete the offer,\u201d the Warner Bros board wrote.<\/p>\n<\/div>\n


\n
Read Full Article At Source <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Warner Bros Discovery\u2019s board has unanimously turned down Paramount Skydance\u2019s (PSKY) latest attempt to acquire the studio, saying its revised US$108.4 billion \u200chostile bid amounted…<\/p>\n","protected":false},"author":1,"featured_media":26607,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[33],"tags":[562,7532,45,787,5916,14038,15439,4412,920,15438,3635],"class_list":["post-26606","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bored-interesting","tag-bid","tag-bros","tag-deal","tag-million","tag-netflix","tag-paramounts","tag-prefers","tag-rejects","tag-updated","tag-us108","tag-warner","wpcat-33-id"],"_links":{"self":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/26606","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26606"}],"version-history":[{"count":0,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/26606\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/media\/26607"}],"wp:attachment":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}