Warner Bros. gets new offer from Paramount
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Trump called for Netflix to fire one of its board members, former Biden official Susan Rice, earlier this week.
“Are you also against the monopolization that a Paramount acquisition would create? Or is it just that of Netflix?”
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Exclusive: Netflix has financial firepower to sweeten Warner Bros bid if rivalry intensifies, sources say
Netflix (NASDAQ:NFLX) has significant cash reserves and retains the flexibility to raise its offer for Warner Bros Discovery (NASDAQ:WBD) should rival bidder Paramount Skydance improve its proposal, according to two people familiar with the situation.
In the latest turn of events in the Warner Bros. buyout deal, Netflix co-CEO Ted Sarandos has explained why the streaming juggernaut has provided a seven-day window to WBD to review Paramount‘s latest bid.
Whether Warner Bros. sells to Ted Sarandos' Netflix or David Ellison's Paramount remains to be seen -- but Sarandos is adamant that a merger is coming no matter what. The Netflix co-CEO acknowledged in an interview Wednesday that many in Hollywood "just hope that there's not a deal at all" — which he dismissed as "some fantasy happening.
Cinemark's CEO wants the streamer to prove it will keep its word on exclusivity should its Warner Bros. deal come to pass.