Jared Kushner pulls out of Paramount's hostile bid for Warner Bros. Discovery [Yahoo! Finance]
Netflix, Inc. (NFLX)
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Source: Yahoo! Finance
Discovery, the firm confirmed Tuesday. Days after Warner agreed to be bought by Netflix in early December, Paramount launched a rival bid that seeks to bypass Warner's management and appeal directly to its shareholders with more money. Paramount is offering $30 per Warner share to Netflix's $27.75. Warner, one of the “big five” Hollywood studios, owns Warner Bros. Pictures, HBO, the DC Comics universe and the Harry Potter franchise. Experts say its acquisition could supercharge the winning company and reshape the streaming wars , either by catapulting Netflix further ahead of top competitors or by cementing a new power player in Paramount. Paramount, which is significantly smaller than Netflix, said its decision to circumvent Warner's top managers came after they “never engaged meaningfully” with several earlier offers by the company. Paramount made the details of its new offer public and gave Warner shareholders an option to tender their shares — selling them directly at a se
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- Jared Kushner pulls out of Paramount's hostile bid for Warner Bros. Discovery [Yahoo! Finance Canada]Yahoo! Finance Canada
- Kushner's Affinity Partners exits Paramount bid for Warner Bros. Discovery [MSNBC.com]MSNBC.com
- iHeartMedia (IHRT) Stock Trades Up, Here Is Why [Yahoo! Finance]Yahoo! Finance
- Amazon Prime Video drops new feature after subscriber backlash [Yahoo! Finance]Yahoo! Finance
- Netflix and iHeartMedia announce video podcast deal [Los Angeles Times (CA)]Los Angeles Times
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