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fromAxios
3 days ago

Trump says CNN "should be sold" as part of WBD deal

State of play: WBD' s board has 10 days to respond to a hostile takeover bid from Paramount, launched Monday after WBD announced a deal to sell its studio and streaming businesses to Netflix for $83 billion. While the board has said it believes Netflix's offer was superior to Paramount's for financial reasons, it will need to weigh whether choosing to reject Paramount's tender offer could invite shareholder lawsuits.
Media industry
Business
fromAxios
3 weeks ago

Bidders circle Warner Bros. Discovery

WBD seeks a higher takeover price near $30, may split assets, and faces complex bidder interests and DOJ regulatory review before any deal can close.
Media industry
fromArs Technica
7 months ago

Max pivots back to HBO Max as WBD rethinks ability to compete with Netflix

WBD reaffirms HBO brand to enhance streaming growth by focusing on unique, high-quality content.
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