Paramount vs Netflix for Warner Bros.
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Paramount sent a letter from CEO David Ellison addressed to Warner Bros. Discovery shareholders that 'clearly sets out why Paramount’s $30.00 per share all-cash offer to acquire all of WBD is superior to WBD’s transaction with Netflix.
“Just yesterday, my beloved parent company, Paramount, reportedly launched a hostile takeover bid for Warner Bros valued at $108 billion,” the late-night host said on Tuesday’s (December 9) Late Show. “Wow. I gotta say, if my company’s got that kind of green, I’m sure they can afford to un-cancel one of their best shows.”
The fight over the future of Warner Bros. Discovery is really a battle to decide who will control much of the news and entertainment Americans consume. So perhaps it is no surprise that President Donald Trump is wading straight into the middle of the fray between Netflix and Paramount Skydance.
Disney CEO Bob Iger strategically stepped in with some opinions of his own about Netflix and Paramount's battle to acquire Warner Bros.