Netflix’s $82.7 billion Warner Bros. takeover
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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.
"Wow. I gotta say, if my company's got that kind of green, I'm sure they can afford to uncancel one of their best shows," the host said.
Given that Trump has an interest in the deal—even though it’s one that appears to favor Paramount—handicapping the outcome is a fool’s errand.
Stephen Colbert, whose show was canceled by Paramount, wondered about the company's finances amid a $108 billion bid to buy Warner Bros. Discovery.
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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.
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.
The eye-popping numbers led Late Show host Stephen Colbert to muse about the Paramount bid during his monologue Tuesday night. (Paramount owns CBS, which airs The Late Show. )
Netflix is a company that understands the value of themed entertainment. While the world doesn’t have a Netflix theme park (yet), by the time you read this, the company will have opened its second Netflix House complex in as many months, with a third location already planned for Las Vegas.