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The Latest Breaking News from Paramount Skydance

Netflix’s takeover of Warner Brothers is a nightmare for consumers

Netflix promotes itself as an innovator, but its skyhigh bid for Warner Brothers suggests that its trendsetter days have peaked.

Fortune

Trump Calls Current CNN Leadership 'Dishonest,' Wants New Owner in WBD Sale

Trump urges CNN's sale to new owners, calling current leadership "dishonest" amid Warner Bros. Discovery deal.

International Business Times

Paramount X Targeted: Inside Netflix's Warner Brothers Discovery Acquisition Deal

Paramount Pictures' official X (formerly Twitter) account was compromised briefly Tuesday, with its bio reading, 'Proud arm of the fascist regime'. The incident spread like wildfire on social media and sparked rumours circling the hostile bidding war with Netflix to acquire Warner Brothers.

International Business Times UK

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Paramount Is Launching a Hostile Bid for Warner Bros. Is PSKY Stock a Buy, Sell, or Hold Here?

Paramount Skydance just launched a hostile bid for Warner Bros. yesterday, driving PSKY stock higher by 9%.

Barchart

Skydance, Netflix Vie For Warner Bros. — A Trump-Era Antitrust Meltdown In The Making?

Paramount Skydance Corp (NASDAQ:PSKY) has made a hostile all-cash $108-billion bid for Warner Bros. Discovery Inc. (NASDAQ:WBD), giving rival bidder Netflix Inc. (NASDAQ:NFLX) a run for its money and turning the streaming wars into a TV drama-worthy showdown.

Benzinga

David Ellison Said To Assure White House He'd Make 'Sweeping Changes' To Steer CNN 'Pro-Trump'

Reports say David Ellison assured White House officials he could reshape CNN's lineup to favour President Trump as Paramount Skydance launched a £81.3bn ($108.4bn) hostile bid for Warner Bros. Discovery, prompting press-freedom alarms and regulatory scrutiny.

International Business Times UK

Behind Paramount's Hostile $108 Billion Bid For Warner Bros Discovery Was— Unanswered Texts?

David Ellison-led Paramount Skydance (NASDAQ:PSKY) launched a hostile bid worth $108.4 billion for Warner Bros Discovery (NASDAQ:WBD) on Monday, in a last-ditch effort to outbid streaming giant Netflix Inc. (NASDAQ:NFLX) and create a content powerhouse. A regulatory filing on Monday revealed that the HBO owner’s lack of response fueled Paramount’s…

Benzinga

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David Ellison Net Worth Explained: How the Paramount Chief Is Funding a Historic Hostile Takeover

David Ellison's net worth and financial backing come into focus as Paramount launches a historic hostile takeover bid for Warner Bros Discovery.

International Business Times UK

Takeover bid of parent company means limbo for CNN, some fellow cable networks

It's a tough time for CNN, which looks like it will be in management limbo for some time with Paramount Skydance's hostile takeover bid of its parent company, Warner Bros

The Independent UK

Elizabeth Warren Sounds 'Five-Alarm Antitrust Fire' On Paramount-Warner Bros Merger: Warns Trump Allies And Foreign Investors Are Backing The Deal

Sen. Elizabeth Warren (D-Mass.) is sounding the alarm over a potential merger between Paramount Skydance Corp. (NASDAQ:PSKY) and Warner Bros Discovery Inc. (NASDAQ:WBD), while urging regulators to ignore political pressure as they evaluate the deal.

Benzinga

Trump May Require '60 Minutes' Apology Before Blessing Paramount's Warner Bid

A race to acquire Warner Bros. Discovery (NASDAQ:WBD) by Netflix Inc (NASDAQ:NFLX) and Paramount Skydance (NASDAQ:PSKY) intensified with an all-cash offer from the latter for the media company on Monday.

Benzinga

Stocks Retreat as Bond Yields Rise

The S&P 500 Index ($SPX ) (SPY ) on Monday closed down by -0.35%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down by -0.45%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down by -0.25%. December E-mini S&P futures (ESZ25 ) fell -0.35%, and December...

Barchart

Why has Paramount Skydance launched a hostile bid for Warner Bros Discovery – and what happens now?

The future of some of the world’s most prominent media and entertainment businesses hangs in the balance

The Guardian - US

Donald Trump Says He'll 'Be Involved' in Choosing Who Gets To Merge With Warner Bros.

Paramount Skydance is banking on the Ellison family's relationship with Trump following Netflix outbidding the company to acquire Warner Bros.

Reason

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Benzinga

'Cash Is Still King': Paramount CEO David Ellison Throws $108 Billion All-Cash Bid To WBD Shareholders

In a move that upended the media landscape, Paramount Skydance Corp. (NASDAQ:PSKY) officially launched a hostile, all-cash tender offer for Warner Bros. Discovery, Inc. (NASDAQ:WBD) on Monday.

Evening Standard

FTSE 100 dips as Unilever falls amid Magnum split

The ice cream maker rose 1.8% in Amsterdam.

Benzinga

Paramount Skydance, Wave Life Sciences, Ocular Therapeutix, Carvana And Other Big Stocks Moving Higher On Monday

U.S. stocks were lower, with the Dow Jones falling more than 200 points on Monday.

PC Gamer

Paramount, backed by Saudi Arabia's Public Investment Fund, launches hostile takeover bid for Warner Bros. Discovery, one day after US president Donald Trump says the Netflix deal 'could be a problem'

The Paramount bid is also supported by Trump's son-in-law Jared Kushner, so that's probably not great for Netflix's ambitions.

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Fortune

Netflix's 'throne is secured,' BofA said just before Paramount mounted one last streaming war, hoping to keep Superman off the super app

Warner Bros.' "crown-jewel IP portfolio" is suddenly everything that everyone in Hollywood wants—except Comcast.

International Business Times UK

Paramount CEO Claims 'Inherent Bias': £108.4B Bid Challenges Netflix's Warner Bros Deal

Paramount Skydance launches a hostile $108.4bn bid for Warner Bros Discovery, challenging Netflix's $72bn deal amid political scrutiny and antitrust fears.

Benzinga

Paramount Is Not Going Down Without A Fight, Outbids Netflix With $108 Billion Cash Offer For Warner Bros.

Paramount Skydance Corp (NASDAQ:PSKY) on Monday launched an all-cash tender offer to acquire Warner Bros. Discovery, Inc (NASDAQ:WBD) for $30 per share, valuing the company at $108.4 billion and including its Global Networks segment.

The Guardian - UK

Trump warns Netflix’s $83bn deal for Warner Bros poses competition concerns

President vows to get involved in controversial takeover described as ‘unprecedented’ by ex-chair of regulator

Benzinga

Trump Says 'I Will Be Involved' In Netflix–Warner Bros. Mega Merger As He Praises Ted Sarandos For Doing 'Legendary Job'

On Sunday, President Donald Trump said that he intends to play a direct role in the federal review of Netflix Inc.'s (NASDAQ:NFLX) takeover of Warner Bros. Discovery (NASDAQ:WBD), even as he praised the former's co-CEO, Ted Sarandos.

PC Gamer

Netflix agrees to buy Warner Bros, including its game studios, for nearly $83 billion-with-a-B, but the fight may not be over yet

Paramount Skydance was also vying for WBD and it doesn't seem willing to take "no" for an answer.

Reason

Warner Bros. Accepts Netflix's $83 Billion Bid, but Antitrust Threats Still Loom

If antitrust regulators allow the deal to go through, consumers stand to benefit from a less expensive Netflix–HBO Max bundle.

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