Warner Bros Discovery has rejected Paramount’s $108-billion bid, citing weak financing assurances and shareholder risk.
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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.
As earnings season begins, one of the biggest emerging storylines is that Netflix’s most formidable rivals, led by Walt Disney, already may be starting to falter. If Disney can’t get to where Netflix is, can anyone?