Summary
Paramount made a bid to buy Warner Brothers Discovery, offering more money than Netflix's rival offer. The bid aims to acquire all of Warner Brothers, including its TV networks. President Trump suggested that Netflix's offer might face competition issues.
Key Facts
- Paramount offered $30 per share to buy Warner Brothers Discovery.
- The offer includes acquiring the company’s TV networks and streaming services.
- President Trump commented on potential competition problems with Netflix’s bid.
- Paramount's bid values Warner Brothers Discovery at $108.4 billion.
- Netflix's bid values the company at about $83 billion, including its debt.
- Paramount CEO David Ellison criticized Netflix's bid as anti-competitive.
- Warner Brothers and Netflix's boards support Netflix's purchase plan.
- The Netflix deal includes a planned spin-off of some Warner Brothers’ business areas.
