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The fight between Netflix and Paramount over who will buy Warner Bros. is heating up. Here's what markets are thinking about the bidding war.
A high-stakes bidding war heated up this week when Paramount made a hostile takeover bid for Warner Bros. Discovery, challenging a multibillion-dollar Netflix deal to buy the entertainment juggernaut.
As for Netflix, Co-CEOs Greg Peters and Ted Sarandos are scheduled to appear on Monday as part of UBS’ 2025 Global Media and Communications Conference. It’s expected that they will address both the company’s bid to acquire Warner Bros. and Paramount’s hostile counteroffer during this time.
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What is a hostile takeover? What to know about Paramount's bid to acquire Warner Bros. Discovery
Streaming giant Netflix appeared to win the bidding war for Warner Bros. Discovery last week, when the two firms announced their merger. Within days, however, Paramount announced its hostile bid, meaning Paramount plans to appeal to Warner Bros. Discover shareholders in an effort to overcome the wishes of management.
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David Zaslav Could Become a Billionaire if Warner Bros. Sells to Either Netflix or Paramount
Warner Bros. Discovery CEO David Zaslav stands to become a billionaire if WBD completes a sale to either Netflix or Paramount SKydance.
WBD stock is up 20% over the same period as David Ellison has brought his all-cash, $30 per share offer directly to shareholders
Early trading suggests the cable-network spinoff is being valued conservatively, a signal that could matter in the Warner Bros. Discovery takeover battle.
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