{"id":145566,"date":"2025-12-09T07:59:00","date_gmt":"2025-12-09T07:59:00","guid":{"rendered":"https:\/\/www.africa-press.net\/tanzania\/all-news\/paramount-skydance-launches-hostile-bid-for-warner-bros"},"modified":"2025-12-09T08:30:48","modified_gmt":"2025-12-09T08:30:48","slug":"paramount-skydance-launches-hostile-bid-for-warner-bros","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/all-news\/paramount-skydance-launches-hostile-bid-for-warner-bros","title":{"rendered":"Paramount Skydance Launches Hostile Bid for Warner Bros"},"content":{"rendered":"<p><span class=\"ap-article-header-tag\"> <strong>Africa-Press &#8211; Tanzania. <\/strong> <\/span>Paramount Skydance announced Monday that it will launch a counter-bid to buy Warner Bros. Discovery (WBD) assets against Netflix for $30 per share in cash, amounting to around $108.4 billion, after a month-long bidding war.<\/p>\n<p>&#8220;Paramount&#8217;s proposed transaction is for the entirety of WBD, including the Global Networks segment,&#8221; the media conglomerate said in a statement.<\/p>\n<p>Paramount said its &#8220;strategically and financially compelling&#8221; offer to WBD shareholders provides a &#8220;superior alternative&#8221; to the Netflix&#8217; offer, which offers &#8220;inferior and uncertain&#8221; value and exposes WBD shareholders to a &#8220;protracted multi-jurisdictional regulatory&#8221; clearance process with an &#8220;uncertain outcome along with a complex and volatile mix of equity and cash.&#8221;<\/p>\n<p>Paramount CEO David Ellison said they believe his company&#8217;s offer will create a stronger Hollywood.<\/p>\n<p>&#8220;It is in the best interests of the creative community, consumers and the movie theater industry. We believe they will benefit from the enhanced competition, higher content spend and theatrical release output, and a greater number of movies in theaters as a result of our proposed transaction,&#8221; Ellison said.<\/p>\n<p>On Friday, Netflix said it entered into an agreement with WBD to acquire Warner Bros., including its film and television studios, HBO Max, and HBO.<\/p>\n<p>The cash-and-stock transaction was valued at $27.75 per WBD share, amounting to a $72 billion deal and a total enterprise value of approximately $82.7 billion.<\/p>\n<p>The WBD board of directors has been repeatedly persuaded by Paramount that it is in the best interests of WBD shareholders to keep the company whole.<\/p>\n<p>Antitrust concerns have been raised by Netflix&#8217;s proposed acquisition, particularly because it would combine two of the biggest streaming services. The Trump administration expressed &#8220;heavy skepticism,&#8221; according to CNBC, with President Donald Trump saying the combined market share of Netflix and HBO &#8220;could be a problem.&#8221;<\/p>\n<p>US President Donald Trump also commented on the matter, saying his stance would depend on the percentage of the market Netflix and Paramount currently control.<\/p>\n<p>&#8220;I want to do what&#8217;s right,&#8221; Trump told reporters during an economy-related roundtable meeting at the White House. &#8220;I know the companies very well. Know what they&#8217;re doing, but I have to see what percentage of market they have.&#8221;<\/p>\n<p>&#8220;I mean, none of them are particularly great friends of mine,&#8221; the president said.<\/p>\n<p>Critics say the deal could disrupt exhibition business, arguing Netflix does not prioritize theatrical releases.<\/p>\n<p class=\"ap-article-footer-note\">Find more news and analyses on <span class=\"ap-highlight-country\">Tanzania<\/span> on the <span class=\"ap-highlight-brand\">Africa Press<\/span> website<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Tanzania. Paramount Skydance announced Monday that it will launch a counter-bid to buy Warner Bros. Discovery (WBD) assets against Netflix for $30 per share in cash, amounting to around $108.4 billion, after a month-long bidding war. &#8220;Paramount&#8217;s proposed transaction is for the entirety of WBD, including the Global Networks segment,&#8221; the media conglomerate [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":145565,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[10062,15043,8229,15044,711,11477],"class_list":["post-145566","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-acquisition","tag-bid","tag-netflix","tag-paramount-skydance","tag-tanzania","tag-warner-bros"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Paramount Skydance Launches Hostile Bid for Warner Bros - Tanzania<\/title>\n<meta name=\"description\" content=\"-article-header-tag&quot;&gt; Africa-Press - Tanzania. 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