Netflix’s $82.7 billion Warner Bros. takeover
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Interviews with dozens of actors, producers and camera crews reveal an industry attempting to weigh the lesser of two horrible choices.
"Wow. I gotta say, if my company's got that kind of green, I'm sure they can afford to uncancel one of their best shows," the host said.
CBS cited cost concerns in July when it announced the show would end.
NEW YORK (AP) — Warner Bros. Discovery’s friendly agreement to sell itself to Netflix just got upended by a hostile actor -- Paramount, which made Warner shareholders a higher offer and touched off what is likely to be a lengthy fight in the latest episode of media industry consolidation.
The decision to inject himself is particularly extraordinary given the president’s own conflicts and interests, according to legal experts.
Paramount sent a letter from CEO David Ellison addressed to Warner Bros. Discovery shareholders that 'clearly sets out why Paramount’s $30.00 per share all-cash offer to acquire all of WBD is superior to WBD’s transaction with Netflix.
As Netflix and Paramount battle to buy Warner Bros. Discovery, Councilmember Konstantine Anthony requested that the City of Burbank enter into litigation to prevent the sale of the studios. The former mayor of Burbank issued a statement Thursday urging the city to intervene with the intent of “preserving jobs in the city.