Netflix announced it is dropping its bid for Warner Bros. Discovery, which paves the way for Paramount Skydance, the parent company of CBS News, to acquire it instead. The merger would require approval from Warner Bros. shareholders and federal regulators.
Netflix said on Thursday that it will not match Paramount Skydance’s latest bid for Warner Bros. Discovery, clearing the way for a massive merger that could shake up the entertainment and media industry. Netflix agreed in December to buy part of Warner Bros. Discovery for $27.75 a share, or $82.7 billion. But Paramount Skydance had…
Warner Bros. Discovery said on Tuesday that it will resume acquisition talks with Paramount Skydance after Netflix, which last year agreed to buy the entertainment company, gave Warner seven days to explore a new offer. Warner Bros. Discovery said in a news release that it would engage with Paramount Skydance (the parent company of CBS…
US President Donald Trump purchased about $100 million in municipal and corporate bonds from mid-November to late December, his latest disclosures showed, including up to $2 million in Netflix and Warner Bros Discovery bonds just weeks after the companies announced their merger. Financial disclosures posted on Thursday and Friday showed the majority of Trump’s purchases…