Netflix has gone all-cash in its Warner Bros bid, escalating pressure on Paramount as a shareholder vote looms.
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Warner Bros Discovery has rejected Paramount’s $108-billion bid, citing weak financing assurances and shareholder risk.
Paramount Skydance on Monday launched an audacious bid to snatch Warner Bros Discovery from Netflix.
What started as a fact-finding mission for Netflix culminated in one of the biggest media deals in the last decade.
Netflix is actively exploring a bid for Warner Bros Discovery’s studio and streaming business, sources said.
Groupe Canal+, which is in the throes of acquiring MultiChoice Group, has similar content offerings to DStv in France, its home market – but with one major difference.
Paramount Global, the parent of US broadcaster CBS, will soon be controlled by software billionaire Larry Ellison.
If Elon Musk’s bid for Twitter was a needlessly painful and drawn-out saga, pity shareholders in Paramount Global.
Paramount Global has signed a deal with MultiChoice to bring the Paramount+ streaming service to African audiences.
Paramount+ ended last year with 32.8 million subscribers, a sign its parent company is starting to benefit from its growing investment in streaming.