OT It's Official: Netflix to Acquire Warner Bros. in Deal Valued at $82.7 Billion

[Phatguysrule]

It’s Official: Netflix to Acquire Warner Bros. in Deal Valued at $82.7 Billion

Netflix co-CEO Ted Sarandos

Netflix, run by co-CEOs Ted Sarandos and Greg Peters, has agreed to buy Warner Bros. in a megadeal valued at $82.7 billion. Under an effort nicknamed “Project Noble,” the streaming giant’s leadership secured $59 billion in financing from a consortium of banks to assemble the deal.

Netflix says the buy would give users more choice and let it “optimize its plans,” it will also expand its studio operations, while creating better value for talent and shareholders, with $2 billion-$3 billion in annual cost savings.

The deal proposal has a break up fee of $5.8 billion, meaning that if the acquisition is scuttled in any way Netflix still has to pay Warner Bros. Discovery those billions.

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[Phatguysrule]

 

[SlyPokerDog]

David Ellison makes his case to the White House as Netflix bid for WBD edges out Paramount Skydance​

Paramount Skydance chief David Ellison met with Trump officials and key lawmakers in Washington DC on Wednesday to press his case against Warner Bros. Discovery’s potential selection of Netflix as its merger partner – even as the streaming giant submitted a higher offer in the latest round of bidding, The Post has learned.

Netflix has submitted a bid valued at $28 a share – edging past a Paramount Skydance bid for the entire company valued in the $26 to $27 range, a source close to the situation told The Post. It’s unclear where the bidding for Thursday’s third-round bidding stands, but officials at Paramount Skydance are arguing that even at a higher level, Netflix’s offer must be discounted because of the uncertainty it brings.

The DC visit comes amid mounting pessimism from Paramount Skydance about its bid; senior executives believe the WBD is inclined to nix its offer in favor of Netflix despite the latter’s regulatory hurdles, as first reported by the Post. As reported, Paramount Skydance signaled in multiple letters this week that it could go hostile with its offer for WBD – arguing that the Netflix deal poses unacceptable risks for WBD shareholders.

Meanwhile on Wednesday, Ellison was in Washington with his legal team headed by Makan Delrahim, Trump’s former DOJ antitrust chief, sources said. They underscored in conversations with Trump officials and lawmakers in Congress why Netflix’s proposed deal to acquire its Warner Bros. studio and HBO Max streaming service should be throttled on antitrust grounds, sources said.


The combination would combine the nation’s largest streaming service, Netflix, with the third largest in HBO Max as well as a leading studio.

Exclusive | David Ellison makes his case to the White House as Netflix bid for WBD edges out Paramount Skydance

Ellison’s meetings in Washington capped a frenzied day of dealmaking and political gamesmanship.

nypost.com

 

[BigGameDamian]

 

[bigbailes]

Welcome to no more HBO level quality programming and a more expensive Netflix! Netflix use to try and put out quality material until they realized they could put out dreck and people would still watch it, why would they make a show like Sopranos, The Wire, Game of Thrones, House of the Dragon etc.

 

[Phatguysrule]

It would probably affect me very little. I subscribe to neither.

 

[barfo]

I don't much care, but it seems to me that Netflix just blew $5.8B. Trump is going to kill this deal so that Paramount can buy WBD, and that will apparently trigger the breakup fee to be paid by Netflix. Unfairly, but that appears to be the terms of the deal. The breakup fee only goes the other way if WBD voluntarily backs out.

But maybe Netflix has a huge bribe in place already?

barfo

 

[Chris Craig]

I don't much care, but it seems to me that Netflix just blew $5.8B. Trump is going to kill this deal so that Paramount can buy WBD, and that will apparently trigger the breakup fee to be paid by Netflix. Unfairly, but that appears to be the terms of the deal. The breakup fee only goes the other way if WBD voluntarily backs out.

But maybe Netflix has a huge bribe in place already?

barfo

Maybe they are going to buy Paramount too

 

[Phatguysrule]

Maybe they are going to buy Paramount too

If they were going to do it, going for it under this president would be the best way to make it happen.

 

[Chris Craig]

If they were going to do it, going for it under this president would be the best way to make it happen.

Yep. I wouldn't be surprised. About to get a monopoly and put some hotels on that shit.

 

[BigGameDamian]

 

[SlyPokerDog]

Paramount Skydance launches hostile bid for WBD ‘to finish what we started,’ CEO Ellison tells CNBC​

Key Points

• David Ellison-run Paramount Skydance is launching a hostile bid to buy Warner Bros. Discovery.
• Paramount will go straight to WBD shareholders with an all-cash, $30-per-share offer.
• Netflix won a bidding war for the Warner Bros. film studio and HBO Max streaming service, but it doesn’t plan to buy WBD’s TV networks.
• Paramount has repeatedly argued keeping Warner Bros. Discovery whole was in the best interest of its shareholders.

https://www.cnbc.com/2025/12/08/paramount-skydance-hostile-bid-wbd-netflix.html

 

[Chris Craig]

Yeah, gonna nix it so paramount gets it, unless Netflix pays more.

 

[Everything Beagle]

“Whoever pays me more money will get to buy WB”

 

[JfizzleBlazer]

If it is nixed for one but okay for the other. I'd have to think it ends up in litigation.