Paramount Skydance is reportedly in talks with three Gulf sovereign wealth funds, led by Saudi Arabia’s PIF
Acquisition
Paramount WBD Acquisition Battle
The ongoing acquisition battle between Paramount and Warner Bros. Discovery (WBD) has intensified, with Paramount raising its bid and Netflix also vying for WBD's assets. Key developments include shareholder meetings, antitrust reviews, and strategic negotiations as companies navigate the complexities of this high-stak...
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Intensifying Acquisition Competition
Paramount Skydance eyes $24B Gulf backing for WBD deal: Reports
Timeline of Key Developments
5 Events
Apr 2023
WBD Shareholder Meeting Scheduled
WBD sets a date for shareholders to approve the transaction with Paramount Skydance.
Apr 2023
Paramount Raises Bid
Paramount increases its offer to $31 per share for WBD, signaling its commitment.
Apr 2023
Antitrust Waiting Period Ends
Paramount announces that the US antitrust waiting period for its bid has concluded.
Apr 2023
Netflix Withdraws Bid
Netflix walks away from the bidding process after Paramount's superior offer.
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Apr 2023
Paramount Files Proxy Materials
Paramount files materials urging WBD shareholders to reject Netflix's deal.
23 Apr 2023
WBD Shareholder Meeting Scheduled
WBD sets a date for shareholders to approve the transaction with Paramount Skydance.
24 Apr 2023
Paramount Raises Bid
Paramount increases its offer to $31 per share for WBD, signaling its commitment.
25 Apr 2023
Antitrust Waiting Period Ends
Paramount announces that the US antitrust waiting period for its bid has concluded.
26 Apr 2023
Netflix Withdraws Bid
Netflix walks away from the bidding process after Paramount's superior offer.
27 Apr 2023
Latest
Paramount Files Proxy Materials
Paramount files materials urging WBD shareholders to reject Netflix's deal.
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Latest Articles in This Topic
19 Articles
Paramount Skydance eyes $24B Gulf backing for WBD deal: Reports
WBD sets shareholder meeting date of April 23 to approve transaction with PSKY
WBD shareholders have opportunity to vote on all-cash transaction with clear path to close
Paramount debt to reach $79 billion following WBD acquisition
Paramount agreed to acquire WBD for $110 billion, or $31 per share, after Netflix chose not to increase its bid
Ted Sarandos on exiting WBD deal: We definitely wanted this asset, didn’t need it
In his first interview since exiting the race, Netflix Inc Co-CEO Ted Sarandos said in a recent interview that the decision was pre-determined
Netflix walks away from WBD’s bid after Paramount Skydance’s superior offer
Warner Bros. Discovery informed Netflix that its board has deemed Paramount Skydance’s latest bid a ‘Superior Proposal’ under the companies’ existing merger agr...
Paramount raises offer to $31 per share; WBD Board signals possible ‘Superior Proposal’
The revised proposal also includes a daily ticking fee equal to $0.25 per quarter beginning after September 30, 2026
Paramount confirms updated bid for WBD following Netflix waiver
While the WBD Board of Directors considers Paramount's revised proposal, Paramount will continue to maintain its previously announced tender offer
Paramount raises bid for WBD in move against Netflix: Reports
Paramount Skydance has reportedly made a higher offer than its earlier $108.4 billion, or $30-per-share, bid
Paramount says US antitrust waiting period for WBD bid has ended
Media reports indicate that the US antitrust review period for Paramount’s $108.4 billion offer for Warner Bros Discovery concluded on 19 February
Paramount responds to Warner Bros. Discovery’s 7-day negotiation waiver
The WBD Board has also elected to proceed with convening its special shareholder meeting on March 20 to seek approval of the Netflix merger
Warner Bros. Discovery backs Netflix merger; reopens talks with Paramount for final offer
Netflix has granted a seven-day waiver permitting WBD to engage with Paramount Skydance to make its final offer
WBD considers reopening talks with Paramount after revised offer
Members of Warner Bros. Discovery’s board are said to be reviewing whether Paramount’s revised offer could lead to a better outcome for shareholders
Paramount amends $30 per share, all-cash tender offer to acquire WBD with enhanced terms
Paramount has enhanced its offer with a $0.25 per share "ticking fee," payable to WBD shareholders for each quarter its transaction has not closed beyond Decemb...
Netflix-Warner Bros deal faces anti-trust probe in the US
US Justice Department is also examining whether Netflix has engaged in exclusionary or anticompetitive conduct that could entrench its market position
Netflix co-CEO questioned by Senate over Warner Bros acquisition
Both Netflix and Paramount are pursuing Warner Bros for its extensive studios, content catalogue, and major franchises
EU to review Netflix and Paramount bids for Warner Bros simultaneously
Netflix recently revised its offer to an all-cash bid of about $82.7 billion, or $27.75 per share, aiming to provide greater certainty to shareholders and accel...
Paramount files proxy materials urging WBD shareholders to reject Netflix deal
The filing comes as Paramount extended its $30-per-share all-cash tender offer for WBD shares to February 20, 2026
Netflix working on all-cash offer for Warner Bros Discovery’s assets
Netflix’s earlier proposal valued Warner Bros Discovery’s film and streaming assets at about $82.7 billion and included a mix of cash and stock
Paramount escalates WBD takeover battle with lawsuit
The lawsuit aims to compel Warner Bros to disclose the financial analysis that led its board to support Netflix’s $82.7 billion cash-and-stock deal
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AI-assisted summary, reviewed by our newsroom
The ongoing acquisition battle between Paramount and Warner Bros. Discovery (WBD) has intensified, with Paramount raising its bid and Netflix also vying for WBD's assets. Key developments include shareholder meetings, antitrust reviews, and strategic negotiations as companies navigate the complexities of this high-stakes deal.