Oracle co-founder Larry Ellison has stepped in to personally guarantee $40.4 billion in Paramount Skydance’s latest effort to pry Warner Bros Discovery away from selling its prized Hollywood assets to Netflix.
Read More Ellison offers personal guarantee to beef up Paramount’s Warner Bros bid
Paramount 11th-hour, hostile bid for Warner Bros Discovery was rooted in what it considered a lack of responsiveness from Warner Bros late last week.
Read More Warner Bros’ lack of response fueled Paramount’s hostile bid, filing says
President Donald Trump believes there “could be a problem” with the $72 billion potential merger between Netflix and Warner Bros. Discovery, citing his concerns over the combined company’s massive market share in streaming and content production.
Read More Trump warns Netflix-Warner Bros. deal ‘could be a problem’ over market share
Netflix announced on Friday of their purchase of Warner Bros. Discovery’s studio and streaming business, in a major deal that rocks Hollywood and the media landscape.
Read More Netflix set to swallow Hollywood: Announcing historic acquisition of Warner Bros.
Warner Bros Discovery is hitting rewind on Max’s branding, bringing back the HBO name it dropped from the streaming service two years ago.
Read More Warner Bros Discovery revives HBO Max branding for global push
Shares of Netflix soared 13% to an all-time high after the streaming giant’s big bet on sports helped add a record 18.9 million subscribers in the holiday quarter.
Read More Netflix shares hit record as subscriber growth defies odds once again