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Key Developments in Streaming Acquisitions
Last week, Netflix announced a $72 billion acquisition of Warner Bros. Discovery‘s studio and streaming businesses. The deal, still pending regulatory approval, could redefine the multimedia landscape.
In a competitive turn, Paramount Skydance has issued a hostile takeover bid for Warner Bros. Discovery valued at $77.9 billion, or $30 per share. This counter-offer, which appeals directly to shareholders, claims to provide $18 billion more than Netflix’s deal, though it covers the entire company rather than just the targeted assets.
Both offers come with substantial breakup fees—$5.8 billion for Netflix if it walks away and $2.8 billion for Warner Bros. if it accepts the Paramount bid. The outcome, influenced by regulatory scrutiny, remains uncertain.
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