Paramount’s Bid to Take Warner Bros. Blocked Again as Netflix Moves Ahead

-

Netflix has cleared another major hurdle in its plan to acquire Warner Bros. Discovery (WBD). The company’s board of directors has officially rejected a takeover bid from Paramount Skydance, led by David Ellison.

Reports last week claimed that Ellison tried to push Netflix out with a massive offer worth $108.4 billion, but Warner Bros. Discovery’s board decided the deal was too risky and not good enough.

Paramount’s Bid to Take Warner Bros. Blocked Again as Netflix Moves Ahead

Why Warner Bros. Rejected Paramount’s Offer

Paramount offered $30 per share and promised a faster and smoother deal than Netflix. They also highlighted their commitment to theatrical movie releases, something many studios still value.

However, WBD’s board said the offer came with serious financial risks and high costs. In a letter to shareholders, the board stated that Paramount had misled investors, especially about whether the deal had full financial backing from the Ellison family.

Because of these concerns, the board officially rejected the bid.

Netflix Calls It a Major Win

Netflix co-CEO Ted Sarandos welcomed the decision and said Netflix’s proposal is clearly better for everyone involved.

He explained that Netflix and Warner Bros. work well together and praised WBD’s strong assets, including:

  • Warner Bros.’ theatrical film division

  • Its television studios

  • The HBO brand, which will continue focusing on high-quality shows

Sarandos also promised that Netflix would continue releasing Warner Bros. movies in theaters, with traditional cinema release windows.

Netflix co-CEO Greg Peters added that the deal would give audiences more content choices and create more opportunities for creators. He said the merger would benefit consumers, innovation, and long-term growth.

Paramount’s Offer Still Faces Resistance

Warner Bros. Discovery board chairman Samuel A. Di Piazza Jr. explained that Paramount’s offer failed to address concerns raised during six previous proposals.

He said the Netflix deal offers more certainty and greater value for shareholders.

Even so, David Ellison has not fully backed down. He claims some WBD shareholders support his offer and understand its potential benefits. Many experts believe Paramount’s proposal will still be rejected by shareholders, though Ellison may return with a higher bid.

Comments

Post a Comment

Popular posts from this blog

FC Barcelona Trail 2-1 at Half-Time Against Club Brugge

-
Image
FC Barcelona are losing 2-1 at half-time against Club Brugge in their Champions League match at the Jan Breydel Stadium. The first half was full of excitement, mistakes, and fast attacks from both teams. Quick Start and Early Goals The match began with high intensity. In the 6th minute, Nicolò Tresoldi scored for Club Brugge after Carlos Forbs broke through Barcelona’s high defensive line and passed the ball into the box for an easy tap-in. Just two minutes later, Barcelona reacted quickly. Fermín López set up Ferran Torres, who finished calmly to make it 1-1. But in the 17th minute, Brugge took the lead again. After a fast counter-attack, Carlos Forbs scored to make it 2-1. Barcelona’s defense was again caught out of position. Barcelona Struggle in Defense Barcelona kept most of the possession (almost 80%), but their defense looked weak and disorganized. Brugge used quick counter-attacks to take advantage of Barcelona’s high defensive line. Carlos Forbs caused constant danger wi...
Read more

Ace Frehley, Legendary KISS Guitarist, Dies at 74

-
Image
Ace Frehley, the iconic “Spaceman” guitarist of the rock band KISS , passed away on Thursday in Morristown, New Jersey , at the age of 74 . According to his representative, Lori Lousararian , Frehley’s death followed a recent fall at his home , though the exact cause has not been confirmed. In a heartfelt statement, Frehley’s family shared their sorrow: “We are completely devastated and heartbroken. In his last moments, we were fortunate to surround him with love, peace, and prayers. We will always cherish his laughter, kindness, and the powerful memories he gave us. His passing feels beyond comprehension — his legacy will live on forever.”   Health Issues Before His Passing In late September, Ace Frehley canceled a concert in California after suffering another fall that required hospitalization. Although his team said he was “fine,” doctors advised him not to travel. On October 11 , Frehley also canceled the rest of his 2025 tour dates due to “ongoing medical issues.” A Ke...
Read more

Why Episode 2 of “A Knight of the Seven Kingdoms” Starts With a Shocking Scene

-
Image
A Knight of the Seven Kingdoms is already making headlines, and Episode 2 has given fans another surprise they didn’t see coming. The episode opens with an unexpectedly bold and comedic scene involving Ser Arlan of Pennytree , played by Danny Webb , and it has quickly become one of the most talked-about moments of the series so far. While the Game of Thrones universe is no stranger to nudity, this opening caught many viewers off guard — especially since the show has been promoted as a lighter, more character-driven story. What Happens in the Episode 2 Opening? The episode begins with a flashback showing Ser Arlan leaving a brothel and stepping outside completely unclothed. The moment is brief and meant to be humorous, but its full-frontal presentation surprised many fans watching at home. Social media quickly reacted, with viewers expressing shock and confusion, especially those who expected a toned-down fantasy series. Showrunner Explains the Creative Choice In an interview wi...
Read more