Warner Bros. Discovery responded today to Paramount’s motion for an expedited proceeding in Delaware Chancery Court, calling it “an exercise in urgency theatre—ringing a fire alarm in the absence of any flames or even smoke.” The David Ellison company wants WBD to defend its chosen deal with Netflix over Paramount’s rival hostile bid and filed … Read more
The bidding war for Warner Bros. Discovery (WBD) and its extensive library of hit TV shows and films like “Harry Potter,” “Game of Thrones” and the DC Comics titles, is dragging on. The studio on Wednesday said its board had unanimously rejected Paramount Skydance’s revised $108.4 billion bid, calling the proposal a “leveraged buyout” that … Read more
Jan 7 – Warner Bros Discovery’s board unanimously turned down Paramount Skydance’s revised bid despite a $40.4 billion financing guarantee from Oracle co-founder Larry Ellison. A history of Warner Bros Discovery as it rebuffs Paramount’s revised bid despite Ellison’s backing The move marks the latest chapter in the race for assets that include Warner Bros’ iconic … Read more