Netflix and Warner Bros. deal is far from a sure thing
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Paramount is pushing the regulatory angle hard in the race for Warner Bros. Discovery, insisting it’s the only bidder that “offers a clear path to closing."
Netflix CEO Ted Sarandos met with Donald Trump at the White House in mid-November to discuss the streamer's planned bid to purchase Warner Bros., Bloomberg and others reported Sunday, with the president insisting that Warner Bros.
Netflix touted the deal in a press release. “Today, Netflix, Inc. (the Company) and Warner Bros. Discovery, Inc. (WBD) announced they have entered into a definitive agreement under which Netflix will acquire Warner Bros., including its film and television studios, HBO Max and HBO,” Netflix wrote on December 5.
Trump said Netflix's $72 billion acquisition of Warner Bros and their combined market share could be a problem.
President Donald Trump gushed over Netflix co-CEO Ted Sarandso calling him “fantastic” but also noted that a combined Netflix-Warner Bros. Discovery would “have a very big market share.”
Paramount Skydance is raising serious concerns about Warner Bros. Discovery's sale process. They believe the process is unfair and favors a single bid
The prospect of Paramount buying Warner Bros. Discovery had led CNN journalists to wonder if the channel might be combined with CBS News. Instead, CNN will remain in a separate corporate entity.
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Paramount questions ‘fairness and adequacy’ of WBD auction process after reports Netflix may win
Netflix has made a mostly cash offer to purchase the Warner Bros. studio and HBO Max, while Paramount has submitted an all-cash bid for the entire company, The Post previously reported.