Warner Bros. will reject Paramount bid for Netflix deal
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Paramount Skydance's David Ellison texted Warner Bros. Discovery CEO David Zaslav during the bidding war. Here's why Zaslav ignored it.
Paramount pitches Netflix as a European Union nonstarter, but regulators seem unfazed — and Trump may be the only audience that matters.
Who do you believe? The battle for control of Warner Bros. and HBO is coming down to an enormous bet on competing visions of the future of the entertainment industry. On Dec. 5, Netflix landed a whale of a deal that sent shock waves through the community.
Warner Bros. Discovery disclosed Zaslav would receive more than $500 million in equity if Netflix’s bid closes.
Wasting no time checking out their potential new home away from home, Netflix’s bosses Greg Peters and Ted Sarandos made a most awesome visit to the Warner Bros Discovery studio lot today with David Zaslav as tour guide.
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David Ellison makes his case to the White House as Netflix bid for WBD edges out Paramount Skydance
Paramount Skydance chief David Ellison met with Trump officials and key lawmakers in Washington DC on Wednesday to press his case against Warner Bros. Discovery’s potential selection of Netflix as its merger partner – even as the streaming giant submitted a higher offer in the latest round of bidding, The Post has learned.
The CEO stands to gain $567 million if a deal is sealed to sell the WB empire, while longtime lieutenant Gunnar Wiedenfels will see $144 million in cash and stock considerations if a transaction closes.
President Donald Trump expressed unhappiness with the owners of Paramount Skydance Corp. over CBS News coverage of his presidency, in the latest signal of how he may be leaning in the battle to purchase Warner Bros.