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VOICE ARCHIVE

Alex Sherman

@sherman4949
314 posts
2026-02-28
Spoke to a bunch of WBD employees. By and large, they wish Netflix had won. https://www.cnbc.com/...
2026-02-28 View on X
The Hollywood Reporter

Paramount agrees to acquire WBD, paying $31 per share in cash, giving WBD an enterprise value of $110B; Paramount paid a $2.8B breakup fee to Netflix

Netflix backed away from its $87.2 billion deal on Thursday. … The two companies formally unveiled the deal Friday after Netflix formally bowed …

2026-02-27
Netflix accomplished its initial goal: make whoever buys WBD pay up for it.
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 …

WBD out with statements — Paramount, we always loved you!  “Netflix is a great company and throughout this process Ted, Greg, Spence and everyone there have been extraordinary partners to us.  We wish them well in the future,” said David Zaslav, President and CEO of Warner Bros. Discovery.
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 …

Now Netflix can wait and see if regulators block Para-WBD! How the turn tables.
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 …

2026-02-04
Disney went with a parks guy (Chapek) over a media/streaming guy (Kevin Mayer) in 2020, when the stock/future of the company was actually tied to streaming and media. Now, media and especially TV have been dramatically de-emphasized. The writing was on the wall to choose D'Amaro
2026-02-04 View on X
Variety

Disney names Josh D'Amaro, head of its theme parks and consumer products division, as CEO, replacing Bob Iger, effective March 18; D'Amaro joined Disney in 1998

2026-02-03
Disney went with a parks guy (Chapek) over a media/streaming guy (Kevin Mayer) in 2020, when the stock/future of the company was actually tied to streaming and media. Now, media and especially TV have been dramatically de-emphasized. The writing was on the wall to choose D'Amaro
2026-02-03 View on X
Variety

Disney names Josh D'Amaro, head of its theme parks and consumer products division, as CEO, replacing Bob Iger, effective March 18; D'Amaro joined Disney in 1998

Dana Walden named president and chief creative officer of the company  —  The Walt Disney Co., after a more than two-year saga …

2025-12-17
WBD specifically keying in on the Ellison choice to not to use their own money on Paramount's bid for WBD seems like a key point for a new offer, at least if Para wants to move to friendly from hostile. I.E. If you want this so badly, use your own $$. https://www.prnewswire.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

2025-12-08
From David Ellison in the statement: “We believe the WBD Board of Directors is pursuing an inferior proposal which exposes shareholders to a mix of cash and stock, an uncertain future trading value of the Global Networks linear cable business and a challenging regulatory
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 …

The Middle Eastern money is one thing, but it's perhaps even more interesting that the other funding source listed here is Jared Kushner!
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 …

Paramount CEO David Ellison tells David Faber that Discovery Global should be valued a $1/share.
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 …

approval process. We are taking our offer directly to shareholders to give them the opportunity to act in their own best interests and maximize the value of their shares."
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 …

So.... Paramount CEO David Ellison says he texted WBD CEO David Zaslav that the $30-per share offer was **not** best and final. So, why should shareholders take a $30 per share offer now? Ellison is basically saying his company is willing to bid more, no?
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 …

Paramount Skydance CEO David Ellison will be live on @CNBC in about 10 minutes.
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 …

David Ellison pouring cold water on the argument that the world of entertainment includes TikTok, Instagram, etc. “That's like saying Coke can buy Pepsi because Budweiser is also a beverage.”
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
Another element of this Netflix deal — Netflix has spent years saying Netflix was playing a different game from YouTube (professional content vs UG), but Netflix is about to argue that YouTube is a streaming behemoth and this deal but a wee speck on YouTube's dominance.
2025-12-06 View on X
New York Times

Netflix's WBD bid marks a striking strategy shift for a company long known for pivots, especially after years of avoiding full commitment to theatrical releases

Netflix has spent years saying Netflix was playing a different game from YouTube (professional content vs UG), but Netflix is about to argue that YouTube is a streaming behemoth an...

On this front — What's more valuable to Netflix: $5b or keeping WBD away from Paramount and Comcast for two years?
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 ...

On this front — What's more valuable to Netflix: $5b or keeping WBD away from Paramount and Comcast for two years?
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.

Big picture view: It's very surprising Netflix has done this. I know they change their mind on everything, and there are extremely good strategic reasons for doing this deal in many different ways, but this is the least likely outcome I would have guessed 3 months ago.
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 ...

Big picture view: It's very surprising Netflix has done this. I know they change their mind on everything, and there are extremely good strategic reasons for doing this deal in many different ways, but this is the least likely outcome I would have guessed 3 months ago.
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.

2025-12-05
Big picture view: It's very surprising Netflix has done this. I know they change their mind on everything, and there are extremely good strategic reasons for doing this deal in many different ways, but this is the least likely outcome I would have guessed 3 months ago.
2025-12-05 View on X
Financial Times

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

Deal will transform US tech company into the dominant player in Hollywood  —  Netflix has agreed an $83bn takeover of Warner Bros Discovery …