Paramount beats Netflix for Warner Bros. – What it means for you [USA TODAY]
Warner Bros. Discovery, Inc. - Series A (WBD)
Company Research
Source: USA TODAY
The deal comes at the end of a fraught bidding war for Warner Bros ., HBO, HBO Max and the many cable networks under the Warner Bros. Discovery umbrella, that originally named Netflix the winner back in December . But Paramount, headed by CEO David Ellison and fresh off another merger with Skydance, would not be stopped in its quest to win the day. After a hostile takeover attempt and eventual huge bid of $31 a share in cash — topping Netflix's proposed $27.75 — Paramount also offered $45.7 billion in equity personally guaranteed by Oracle's billionaire co-founder, Larry Ellison , David's father. It adds up to a whopping $110 billion , where Netflix was only offering a (seemingly) paltry deal worth $72 billion. Given four days to offer a counteroffer, Netflix ultimately decided to bow out. In a statement Netflix CEOs Ted Sarandos and and Greg Peters thanked Warner Bros CEO David Zaslav and other executives for "running a fair and rigorous process." It's all a lot of numbers, a
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WBD
Earnings
- 2/26/26 - Miss
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Sec Filings
- 3/3/26 - Form 4
- 3/3/26 - Form 4
- 3/3/26 - Form 4
- WBD's page on the SEC website