Warner Bros. rejects revised Paramount bid
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Paramount Skydance streaming product and tech chief Vibol Hou is leaving at the end of January. Read his message to colleagues.
Wall Street analysts have speculated that Paramount will eventually surpass the $30 threshold to win support for its proposal to acquire all of WBD, including CNN. But for now, WBD continues to say that its existing deal to sell Warner Bros. and HBO (but not CNN or other cable assets) to Netflix is in the shareholders’ best interests.
Film and TV producer David Ellison acquired control of Paramount in August. He’s put reinvigorating brands like MTV and CBS News among his priorities. If he finds a strategic partner for MTV the strategy could serve as a template for other Paramount businesses.
Paramount Skydance just said Warner Bros. Discovery's TV assets are worth nothing, even though it wants to buy them.
Paramount chief legal officer Makan Delrahim has taken aim at Netflix's pending acquisition of Warner Bros. Discovery's studio and streaming assets, calling the $83 billion deal "presumptively unlawful.
A 'Recovery Agent' movie from producer Gal Gadot and Paramount is in the works, Deadline can report exclusively
Warner's board this week unanimously voted against Paramount's latest hostile offer. Members concluded the bid was not in the best interest of the company or its shareholders.