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The Latest Breaking News from Warner Bros Discovery

Takeover bid of parent company means limbo for CNN, some fellow cable networks

It's a tough time for CNN, which looks like it will be in management limbo for some time with Paramount Skydance's hostile takeover bid of its parent company, Warner Bros

The Independent UK

Asian shares slip after Wall Street pulls back from its record heights

Asian shares are mostly lower after U.S. stocks pulled away from their record heights

The Independent UK

Elizabeth Warren Sounds 'Five-Alarm Antitrust Fire' On Paramount-Warner Bros Merger: Warns Trump Allies And Foreign Investors Are Backing The Deal

Sen. Elizabeth Warren (D-Mass.) is sounding the alarm over a potential merger between Paramount Skydance Corp. (NASDAQ:PSKY) and Warner Bros Discovery Inc. (NASDAQ:WBD), while urging regulators to ignore political pressure as they evaluate the deal.

Benzinga

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Trump May Require '60 Minutes' Apology Before Blessing Paramount's Warner Bid

A race to acquire Warner Bros. Discovery (NASDAQ:WBD) by Netflix Inc (NASDAQ:NFLX) and Paramount Skydance (NASDAQ:PSKY) intensified with an all-cash offer from the latter for the media company on Monday.

Benzinga

Why has Paramount Skydance launched a hostile bid for Warner Bros Discovery – and what happens now?

The future of some of the world’s most prominent media and entertainment businesses hangs in the balance

The Guardian - US

Paramount launches "clearly superior" $100 billion cash bid to steal Warner Bros. away from Netflix, WB to respond "within 10 business days"

Paramount is hoping to snatch Warner Bros. out from under Netflix with a competing bid

Total Film

Trump son-in-law Jared Kushner is investor in Paramount’s hostile takeover bid of Warner Bros

Jared Kushner’s Affinity Capital, along with the sovereign wealth funds from Saudi Arabia, Qatar and Abu Dhabi, have ‘agreed to forgo any governance rights – including board representation – associated with their non-voting equity investments,’ according to Monday’s regulatory filing.

The Independent UK

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FTSE 100 dips as Unilever falls amid Magnum split

The ice cream maker rose 1.8% in Amsterdam.

Evening Standard

Netflix Stock Tumbles: What's Going On?

Shares of Netflix, Inc. (NASDAQ:NFLX) are falling Monday after Paramount challenged the streaming service’s winning bid for parts of Warner Bros. Discovery, Inc.

Benzinga

Paramount, backed by Saudi Arabia's Public Investment Fund, launches hostile takeover bid for Warner Bros. Discovery, one day after US president Donald Trump says the Netflix deal 'could be a problem'

The Paramount bid is also supported by Trump's son-in-law Jared Kushner, so that's probably not great for Netflix's ambitions.

PC Gamer

Netflix buying Warner Bros is bad news for cinema and those of us who love it

The proposed acquisition would see yet more of Hollywood controlled by a tech company and one that doesn’t seem to care about the theatrical experience

The Guardian - US

Netflix Wins the Streaming Wars: The $82B Warner Bros. Deal

Netflix cements its status as the global entertainment leader by acquiring the legendary Warner Bros studio and its vast library of iconic franchises.

MarketBeat

2 Reasons to Hit Pause on Netflix Stock Now

Netflix’s recently announced deal to acquire Warner Bros. introduces regulatory risk and execution challenges.

Barchart

Paramount CEO Claims 'Inherent Bias': £108.4B Bid Challenges Netflix's Warner Bros Deal

Paramount Skydance launches a hostile $108.4bn bid for Warner Bros Discovery, challenging Netflix's $72bn deal amid political scrutiny and antitrust fears.

International Business Times UK

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The Guardian - US

Paramount launches $108.4bn hostile bid for Warner Bros Discovery

Paramount’s bid for the entire company counters $82.7bn Netflix deal for WBD’s studio and streaming operation

The Independent UK

Hostile takeover launched over Netflix-Warner deal with new $108B Paramount bid after Sarandos woos Trump at White House

The Netflix chief’s pilgrimage to DC came as Paramount’s ownership believed it had the inside track to acquire Warner Bros. due to the Ellison family’s close ties to the president.

Euronews

Paramount goes hostile in bid for Warner Bros, challenging Netflix

The announcement comes just days after Netflix said it had agreed a $72 billion takeover deal for Warner Bros Discovery.

The Independent UK

Paramount sparks takeover battle for Warner Bros with £81.3 billion hostile bid

The move comes after Netflix agreed a mega deal to buy Warner Bros Discovery.

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news in one place.

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The Independent UK

Paramount launches $108bn rival bid for Warner Bros

Media giant going straight to Warner Bros shareholders after Netflix announces $72bn buyout plan

The Independent UK

Paramount goes hostile in bid for Warner Bros., challenging a $72 billion bid by Netflix

Paramount is making a hostile bid for Warner Bros

Fortune

Netflix needs Warner Bros.'s IP and franchises to remain the default streaming service

Also: All the news and watercooler chat from Fortune.

The Fashion Central

US President Trump Calls Netflix a “Great Company” but Says Merger “Could Be a Problem”

Trump says Netflix’s plan to buy Warner Bros Discovery could be a problem, raising questions about market dominance as unions call for the deal to be blocked.

The Independent UK

Trump signals intervention in Netflix’s takeover of Warner Bros: ‘It could be a problem’

US president says the deal could raise issues given the size of the merged group’s market share in the industry

Evening Standard

Trump says Netflix £54bn takeover of Warner Bros ‘could be a problem’

The US president said the deal could raise issues given the size of the merged group’s market share in the industry.

International Business Times UK

Trump Sees Possible Problem in Netflix-Warner Bros Deal, Expresses Desire to Get Involved

Trump raises alarm over Netflix's £61bn Warner Bros mega-merger

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