Keys
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Created using artificial intelligence
new
Created using artificial intelligence
Netflix It is buying the film, TV studios and streaming business (HBO Max) of Warner Bros Discovery (WBD) for $83 billion (about 71 billion euros at the current exchange rate), the company said on Friday.
In this way, Netflix beat out Paramount and Comcast, which also showed interest in the company led by David Zaslav. Warner Bros. Last October, it launched a competitive process to sell its assets.
The deal, which will be paid for through the delivery of shares and cash, values the acquired business at $27.75 per share..
The streaming platform expects the transaction to go through once the transaction is complete. A division of WBD’s global networking division, known as Discovery Globalin a new listed company. Something that is scheduled to be completed in the third quarter of 2026.
Before knowing the final agreement with Netflix, Paramount Skydancea company run by David Ellison, the son of Oracle co-founder Larry EllisonHe questioned the integrity of the sales process Considering that Warner Bros Discovery was favoring the streaming giant over the rest of the potential interested buyers.
“We are writing to you on behalf of Paramount Skydance Corporation to express our feelings Serious concern about the fairness and appropriateness of the tender process “For a possible merger with Warner Bros Discovery,” the company’s lawyers said in a letter sent to Zaslav.
After this “deeply concerned” For the integrity of the process, Paramount asked WBD to confirm whether it appointed a special independent committee made up of board members with no vested interests to analyze potential transactions and make a final decision. If not, he urged the company to give authority to the said special committee.
“This seems to be an important step at this point Ensuring the neutrality and integrity of the process Maximize the value of any outcome WBD decides to pursue, the message concluded.