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Re: Netflix to buy Warner Bros film and streaming businesses
Quote:
Originally Posted by Carth
wow . . does this mean balaclava's, baseball bats, and hostages?
Worse - lawyers and accountants
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David Ellison’s Paramount Skydance is not giving up in its aggressive campaign to acquire Warner Bros Discovery (WBD), launching a hostile bid despite the announcement on Friday that Netflix had agreed to buy the company’s studio and streaming operation.
Netflix’s accepted bid valued the company at $27.75 a share, though the entertainment company did not agree to acquire WBD’s traditional television assets, including the news network CNN.
Paramount’s all-cash tender offer sent directly to shareholders on Monday morning is for $30 a share and would be for the entire company, offering a total enterprise value of $108.4bn, a major premium to the company’s stock price.
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