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PayPalWhile I was off running around the woods for the weekend, Netflix announced their intention to acquire Warner Bros. but now Paramount want to fight.
In the original press release from Netflix they said it will be for a total value of around $82.7 billion at $27.75 per WBD share. This deal would include its film and television studios, HBO Max and HBO, and their game studios too. What it wouldn't include is WBD’s Global Networks division, which was due to be spun off into its own thing. The deal is not actually done, as it has to go through all the usual regulator approvals.
Another wonderful bit of consolidation isn't it? Well, perhaps, but not if Paramount get their way. As they've launched a rival bid for the entirety of Warner Bros. including the Global Networks segment. They're offering more too at $30.00 per share in cash which they said is "$18 billion more in cash than the Netflix consideration".
Interestingly, Paramount say they actually submitted six proposal over the course of 12 weeks but "WBD never engaged meaningfully" and so Paramount has "taken its offer directly to WBD shareholders and its Board of Directors to ensure they have the opportunity to pursue this clearly superior alternative".
Time to get your popcorn out.
Article taken from GamingOnLinux.com.
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hardpenguin 8 hours ago
It is sad to see WBD driven to the ground by its visionless and soulless leadership.
And I am not supposed to root for anyone in this fight, they are all large corporations that prioritize dollar over quality. But learning recently who is backing Paramount made me hope it's not them who win.
According to the FT, Paramount are on the hook for only (!) $12bn, while $24bn is secured through several middle eastern sovereign wealth funds (who are still separately diversifying from oil through initiatives like PIF's investment in EA e-gaming), and the remainder is a debt through a combined commitment from the Bank of America, Citigroup, and Apollo.
Arehandoro 5 hours ago
Last edited by Arehandoro on 9 Dec 2025 at 1:59 pm UTC
He should get exactly $0.00 and all of whatever was supposed to go to him should instead go to all the employees of wb who've been royally fucked over throughout the past years with him in charge.
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