I relished that news
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WB+Netflix=$82.7 billion shocker!
- Thread starter only1moore
- Start date
Do you think any of the shareholders in either one will sue to try to prevent it?Follow-up on the previous story, about WBD reviewing the latest from PSKY:
Warner Bros. Discovery Reportedly Considering New Discussions With Paramount Skydance
"Should WBD re-enter talks, the move could strengthen the board’s position in the face of anticipated shareholder litigation, which frequently accompanies transactions of this scale and complexity."barrettmedia.com
This comes from a story in Bloomberg. Neither Paramount nor Netflix are shoe-ins with DOJ.
Everything has been done in public. The way to prevent it is don't sell your shares to PSKY.
Good one! 😂
Apparently Netflix isn't done:
barrettmedia.com
Netflix CEO Ted Sarandos: We're Giving Paramount Skydance 'Seven Days to Put Their Money Where Their Mouth Is'
"What we're certain is, is that the Netflix deal to acquire these assets is the best deal, creates, and generates the best value for their shareholders. And they think so, too."
barrettmedia.com
Trump demands Netflix fire "racist" Susan Rice after Laura Loomer X post
Following remarks on a podcast by the Netflix board member, Laura Loomer called the streaming platform "anti-American" and "woke."
www.newsweek.com
Donald Trump Calls On Netflix To Fire Board Member Susan Rice Or “Pay The Consequences”
Trump threatened that the streamer would 'pay the consequences' as it seeks merger approval.
deadline.com
We shall see how the DOJ and SEC respond to this one.
maybe they just couldn't cut the mustard?
i tried to ketchup.
Warner Bros. Discovery Board Determines Paramount Skydance's $31 Per Share Offer Is 'Superior Proposal' to Netflix Bid
Netflix will have four business days to match David Ellison's latest offer
www.thewrap.com
Here is more on the proposed bid Paramount has on WB.
Guess no one saw this coming.
now that WBD/Paramount merger is now happening, what's next for Netflix, do they buy Disney out or ask Disney to buy them out, do they stay independent and just win in the end, do they go after Comcast and buy out NBCUniversal from them and Versant too, do they just go the buy out the smaller companies and get bigger route, or do they end up Merging with Amazon to form a new version of Netflix as "Netflix Prime"
also this will also possibly end TNT Sports as that would have to consolidated to CBS Sports and CNN, yep, it's now a propaganda network consolidated into CBS News and this post-merger deal may need to see the Discovery spinoff still happen but now the former Viacom & Turner networks except CNN, HBO, and maybe MTV and CBS Sports Network be spun off.
we all saw it coming the moment Trump got involved by calling out Susan Rice, who is part of the Netflix board, so in a way, Trump was doing his best to meddle with the Netflix/WBD deal until Paramount found a way to win, and i wouldn't be surprised if Paramount gets more help with finishing the deal with some pro-Trump foreign backers, from Saudi Arabia, Israel or any other oil rich Arabic nation in the middle east.
also this will also possibly end TNT Sports as that would have to consolidated to CBS Sports and CNN, yep, it's now a propaganda network consolidated into CBS News and this post-merger deal may need to see the Discovery spinoff still happen but now the former Viacom & Turner networks except CNN, HBO, and maybe MTV and CBS Sports Network be spun off.
Adam Schiff Says Paramount-WBD Deal Should Be Subject To “Highest Levels Of Scrutiny” And “Free From White House Political Influence”
The senator is concerned about job loss from the transaction.
deadline.com
California Attorney General Warns Paramount That Warner Bros. Discovery Acquisition is ‘Not a Done Deal’
Rob Bonta, California's attorney general, is promising to conduct a 'vigorous' review of Paramount Skydance's acquisition of Warner Bros. Discovery.
variety.com
Here is the response by Adam Schiff and Rob Bonta over the WB Paramount proposed merger.
Looking at the timeline, Netflix CEO visited the white house moments before dropping his bid for WBD:
www.cnbc.com
Netflix CEO Sarandos visited White House right before streamer said WBD deal is off
President Donald Trump last weekend demanded that Netflix fire former Obama administration official Susan Rice from its board or else “pay the consequences.”
PARAMOUNT TO ACQUIRE WARNER BROS. DISCOVERY TO FORM NEXT-GENERATION GLOBAL MEDIA AND ENTERTAINMENT COMPANY
The newly merged company will be well positioned to compete in the rapidly evolving entertainment industry where storytelling combined with world class...
www.prnewswire.com
Movie Theater Org Cinema United Remains Firmly Against Paramount-Warner Bros Merger & Warns About “Fewer Movies Being Made”
Exhibitors weren’t in favor of a Netflix and Warner Bros marriage, and a Paramount-Warner Bros union isn’t going to change their minds. Theater owners trade org Cinema United President and CEO Michael...
Here is more on the WB-Paramount deal.
Netflix doesn't have to do anything.
My bet is that it will turn out that Paramount/Skydance is over paying for WBD and that is going to have negative consequences down the road.
Remember that it was just eight years ago that AT&T thought it was a winning move to buy WB, and look at how that turned out. And while Skydance is paying a little less than AT&T did, the fact is that the cable side of their business has lost a lot of value in the intervening years.
Remember that it was just eight years ago that AT&T thought it was a winning move to buy WB, and look at how that turned out. And while Skydance is paying a little less than AT&T did, the fact is that the cable side of their business has lost a lot of value in the intervening years.
If it goes through, they're going to have to divest a lot of assets.