Summary
Warner Bros Discovery plans to tell its shareholders to reject a $108.4 billion offer from Paramount Skydance. Paramount believes its bid is better than a previous deal Warner Bros made with Netflix. Warner Bros is concerned about how Paramount would finance this takeover.
Key Facts
- Warner Bros plans to reject a $108.4 billion offer from Paramount Skydance.
- Paramount claims its offer is better than a $72 billion deal already made with Netflix.
- Jared Kushner's Affinity Partners, a key supporter of Paramount's bid, has withdrawn its support.
- Warner Bros is worried about how Paramount would fund the acquisition.
- Warner Bros put itself up for sale in October after interest from several buyers.
- Competition regulators in the US and Europe are expected to review a potential takeover.
- The Writers Guild of America opposes the merger, saying it could lower wages and cut jobs.
- A new owner of Warner Bros would acquire a large film and TV show library, enhancing its presence in streaming.
