Co-CEO of Netflix, Ted Sarandos And Greg Petersresearch to reassure You investorsguaranteeing that they will be the final owners of the Discovery Warner Bros.even after Paramount Skydance launch a competing bid for the iconic entertainment company.
Executives told investors at a UBS conference in New York on Monday that they were “extremely confident” that their deal with Warner Bros. would be approved.
The duo said Paramount’s offer was “entirely expected” and that Netflix would convince regulators of the deal. They also reiterated the streaming company’s plans to continue showing Warner Bros. films. in cinemas.
Netflix announced a deal on Dec. 5 to acquire Warner Bros. studios, streaming assets and HBO for $27.75 per share. The proposal involves the Warner Bros. spin-off. Basic cable TV channels. before the deal with Netflix was finalized.
Earlier Monday, Paramount announced a $30 per share cash offer to acquire all of WBD, asking shareholders to support its plan.
Also during the event, the directors argued, according to Dow Jones Newswires, that the union of Netflix and Warner would consolidate a share of approximately 9% of streaming hours consumed, lower, according to them, than that resulting from a possible merger of Warner with Paramount Skydance.
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