Warner Bros. rejects Paramount bid
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HBO Max is staying put even though Netflix is buying Warner Bros. Discovery. During an internal global town hall with staff, those on the call were told that “HBO Max will stay,” TheWrap has learned. The meeting took place Friday morning to address Netflix’s acquisition of the company.
For now, the outcome remains highly uncertain. Any acquisition of Warner Bros. Discovery would likely be reviewed by the Trump administration, which could move to block a proposed merger over anti-monopoly concerns, according to antitrust experts from Vanderbilt University, the University of Tennessee and the Cardozo Law School.
Netflix has announced that it will acquire Warner Bros. in a massive $82.7 billion dollar deal, and will own Warner Bros.' film and TV studios plus HBO and HBO Max.
The entertainment world is still abuzz from Friday's announcement that Netflix has agreed to an $82.7 billion deal to acquire Warner Bros. Discovery, Inc., including HBO and HBO Max. It will take a while for the sale to be finalized,
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Netflix to acquire Warner Bros. Discovery, HBO/HBO Max in $82.7B mega-deal: What it means
Netflix has struck a deal to acquire Warner Bros.’ legendary film and TV studios along with HBO and HBO Max in a transaction valued at about $82.7 billion. The agreement, announced Frida morning, Dec.
After weeks of an intense bidding process, Netflix is picking up one of Hollywood's oldest studios in a game-changing deal.
Warner Bros. Discovery went on the attack against Larry and David Ellison on Wednesday, urging shareholders to reject their hostile takeover offer and saying the Ellisons have “consistently misled” them.
We haven’t prioritized theatrical in the past because that wasn’t our business at Netflix. When this deal closes, we will be in that business.”
Warner Bros. Discovery rejected the $30/share takeover bid from David Ellison's Paramount Skydance, with WBD unanimously backing the deal with Netflix.