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VOICE ARCHIVE

Brian Stelter

@brianstelter
291 posts
2026-02-27
Bulletin: Netflix says it has “declined to raise its offer for Warner Bros.”
2026-02-27 View on X
CNBC

Netflix walks away from a deal to buy WBD's studio and streaming assets after WBD deemed Paramount's $31/share bid to be superior; NFLX jumps 8%+

Netflix is walking away from a deal to buy Warner Bros. Discovery's studio and streaming assets after the WBD board on Thursday deemed …

The announcement means that Paramount has suddenly moved much closer to taking over CNN and the rest of the assets owned by WBD. Updating our CNN story here: https://www.cnn.com/...
2026-02-27 View on X
CNBC

Netflix walks away from a deal to buy WBD's studio and streaming assets after WBD deemed Paramount's $31/share bid to be superior; NFLX jumps 8%+

Netflix is walking away from a deal to buy Warner Bros. Discovery's studio and streaming assets after the WBD board on Thursday deemed …

David Zaslav statement just now: “We are excited about the potential of a combined Paramount Skydance and Warner Bros. Discovery and can't wait to get started working together telling the stories that move the world.” [video]
2026-02-27 View on X
CNBC

Netflix walks away from a deal to buy WBD's studio and streaming assets after WBD deemed Paramount's $31/share bid to be superior; NFLX jumps 8%+

Netflix is walking away from a deal to buy Warner Bros. Discovery's studio and streaming assets after the WBD board on Thursday deemed …

Netflix says it saw a “clear path to regulatory approval” but is walking away from the Warner Bros deal anyway. There's reason to wonder about what was said when Netflix co-CEO Ted Sarandos visited the White House today. More reporting needed. [video]
2026-02-27 View on X
CNBC

Netflix walks away from a deal to buy WBD's studio and streaming assets after WBD deemed Paramount's $31/share bid to be superior; NFLX jumps 8%+

Netflix is walking away from a deal to buy Warner Bros. Discovery's studio and streaming assets after the WBD board on Thursday deemed …

2026-01-23
Substack is launching a TV app today. “With Substack TV, which has been in the works for some time, Substack is further cementing itself as a video platform,” @natjarv writes https://theankler.com/...
2026-01-23 View on X
On Substack

Substack launches its Substack TV app for Apple TV and Google TV in beta for free and paid subscribers, with access matched to their current subscription levels

Today we're launching the Substack TV app for Apple TV and Google TV.  Substack is the home for the best longform …

2026-01-22
Substack is launching a TV app today. “With Substack TV, which has been in the works for some time, Substack is further cementing itself as a video platform,” @natjarv writes https://theankler.com/...
2026-01-22 View on X
On Substack

Substack launches its Substack TV app for Apple TV and Google TV in beta for free and paid subscribers, with access matched to their current subscription levels

Taking subscriber video to the bigger screen  —  Today we're launching the Substack TV app for Apple TV and Google TV.

2026-01-21
Netflix and Warner say this “simplifies the transaction structure, provides greater certainty of value for WBD stockholders, and accelerates the path to a WBD stockholder vote.” Of course, Paramount has been anticipating this move...
2026-01-21 View on X
CNN

Netflix and WBD say Netflix revised its WBD offer to an all-cash deal for $27.75/share, with the same $82.7B value; its original bid had $59B in debt financing

Breaking: In the ongoing struggle over the future of Warner Bros. Discovery, Netflix says it is now prepared to pay all cash for Warner Bros. and HBO, rather than a mix of cash and stock. https://www.cnn.com/...
2026-01-21 View on X
CNN

Netflix and WBD say Netflix revised its WBD offer to an all-cash deal for $27.75/share, with the same $82.7B value; its original bid had $59B in debt financing

2026-01-20
Breaking: In the ongoing struggle over the future of Warner Bros. Discovery, Netflix says it is now prepared to pay all cash for Warner Bros. and HBO, rather than a mix of cash and stock. https://www.cnn.com/...
2026-01-20 View on X
CNN

Netflix and WBD say Netflix revised its WBD offer to an all-cash deal for $27.75/share, with the same $82.7B value; its original bid had $59B in debt financing

In an ongoing struggle over the future of Warner Bros. Discovery, Netflix says it is now prepared to pay all cash for Warner Bros. and HBO …

Netflix and Warner say this “simplifies the transaction structure, provides greater certainty of value for WBD stockholders, and accelerates the path to a WBD stockholder vote.” Of course, Paramount has been anticipating this move...
2026-01-20 View on X
CNN

Netflix and WBD say Netflix revised its WBD offer to an all-cash deal for $27.75/share, with the same $82.7B value; its original bid had $59B in debt financing

In an ongoing struggle over the future of Warner Bros. Discovery, Netflix says it is now prepared to pay all cash for Warner Bros. and HBO …

2026-01-07
This just in: Warner Bros. Discovery has once again chosen Netflix as its preferred suitor over Paramount. In a letter to shareholders this morning, the WBD board said Paramount's hostile takeover offer is “inadequate” and overly risky. Full story: https://www.cnn.com/...
2026-01-07 View on X
The Wrap

WBD's board unanimously rejects Paramount's amended $108.4B acquisition offer, saying the bid still has “significant” risks compared to Netflix's $83B offer

The board says the revised $108.4 billion bid continues to offer “significant costs, risks and uncertainties” compared to its $83 billion deal with Netflix

The letter points out that Paramount is much smaller than WBD and likens the hostile takeover bid to a leveraged buyout: “It intends to incur an extraordinary amount of incremental debt — more than $50 billion — through arrangements with multiple financing partners...”
2026-01-07 View on X
The Wrap

WBD's board unanimously rejects Paramount's amended $108.4B acquisition offer, saying the bid still has “significant” risks compared to Netflix's $83B offer

The board says the revised $108.4 billion bid continues to offer “significant costs, risks and uncertainties” compared to its $83 billion deal with Netflix

Netflix also issued a statement this morning reaffirming its deal with WBD. Noteworthy paragraph: “Netflix has submitted its Hart-Scott-Rodino (HSR) filing and is engaging with competition authorities, including the U.S. Department of Justice and European Commission.” [image]
2026-01-07 View on X
The Wrap

WBD's board unanimously rejects Paramount's amended $108.4B acquisition offer, saying the bid still has “significant” risks compared to Netflix's $83B offer

The board says the revised $108.4 billion bid continues to offer “significant costs, risks and uncertainties” compared to its $83 billion deal with Netflix

2025-12-17
Breaking: Warner Bros. Discovery is officially rejecting Paramount's buyout offer, calling it “illusory” and arguing that the existing plan to sell most of the media company to Netflix is a better deal for shareholders. https://www.cnn.com/...
2025-12-17 View on X
Wall Street Journal

WBD recommends shareholders reject Paramount's unsolicited $108.4B cash bid, calling the offer “illusory” and saying it believes Netflix's proposal is superior

Warner raised concerns about the credibility of Paramount's ‘illusory’ offer and its backing from the Ellison family

2025-12-09
New WSJ reporting: “During a December visit to Washington, David Ellison offered assurances to Trump administration officials that if he bought Warner, he'd make sweeping changes to CNN, a common target of President Trump's ire, people familiar with the matter said.  Trump has told people close to him that he wants new ownership of CNN as well as changes to CNN programming.”
2025-12-09 View on X
Wall Street Journal

Sources: after Netflix announced its WBD deal, Larry Ellison called Trump to argue it would hurt competition; Paramount CEO David Ellison promised CNN changes

David Ellison has launched a hostile takeover bid for Warner Discovery, taking his case directly to shareholders after Netflix clinched a deal

2025-12-08
Important to always note: Trump can slow down Netflix-Warners, and can make the process more painful, but he does not get a literal veto. In 2017 the Justice Dept sued to stop AT&T's mega-deal for Time Warner. The companies fought back in court, won, and merged.
2025-12-08 View on X
Bloomberg

President Trump says Netflix's WBD deal has “got to go through a process”, its big market share “could be a problem”, and he will be involved in the decision

President Donald Trump raised potential antitrust concerns for Netflix Inc.'s planned acquisition …

This just in: Paramount is mounting a hostile takeover bid for all of Warner Bros. Discovery, including CNN, saying “WBD shareholders deserve an opportunity to consider our superior all-cash offer...”
2025-12-08 View on X
CNBC

Paramount launches a hostile bid to acquire WBD, offering WBD shareholders $30/share in a $108.4B all-cash deal; sources say WBD rejected the same bid last week

Paramount Skydance is launching a hostile bid to buy Warner Bros. Discovery after it lost out to Netflix in a months-long bidding war …

Important to always note: Trump can slow down Netflix-Warners, and can make the process more painful, but he does not get a literal veto. In 2017 the Justice Dept sued to stop AT&T's mega-deal for Time Warner. The companies fought back in court, won, and merged.
2025-12-08 View on X
CNBC

Paramount launches a hostile bid to acquire WBD, offering WBD shareholders $30/share in a $108.4B all-cash deal; sources say WBD rejected the same bid last week

Paramount Skydance is launching a hostile bid to buy Warner Bros. Discovery after it lost out to Netflix in a months-long bidding war …

2025-12-06
This is a David and Goliath story - with a twist. Almost exactly 15 years ago today the owner of Warner Bros. and HBO pushed back on Hollywood and Wall Street hype about a streaming upstart named Netflix. The Jeff Bewkes quote is now infamous...
2025-12-06 View on X
Financial Times

Netflix agrees to acquire WBD's studios and streaming business in an $82.7B cash-and-stock deal, including debt, to close after WBD splits in two in Q3 2026

Netflix announced this week that it had reached … Axios : Netflix to buy Warner Bros. for nearly $83 billion Alex Pigman / Taipei Times : Warner Bros acquisition by Netflix sparks ...

Wow. Netflix has triumphed in the bidding war for Warner Bros. and HBO. https://www.cnn.com/...
2025-12-06 View on X
Game Developer

WBD confirms that Warner Bros. Games will be acquired by Netflix along with its wider streaming and television business

A Warner Bros. spokesperson has confirmed the video game division will be acquired by Netflix alongside its wider streaming and television business.