Warner Bros. Discovery Rejected 3 Paramount Offers
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CEO David Zaslav has financial bonuses attached to executing a sale, so he’s very much motivated in getting a deal done. Bluster or otherwise, Bloomberg reports he told senior executives that Apple, Amazon, Netflix and Comcast had shown interest in acquiring Warner Bros. expansive library of TV shows and films.
Warner Bros. Discovery is itself a product of a 2022 acquisition, pairing the legendary Warner Bros.’s content library and associated movie and television businesses (including prestige TV streamer HBO Max and cable news channel CNN) with Discovery’s popular reality TV offerings.
The Writers Guild of America, in keeping with a history of merger opposition, says that a Warner Bros. tie-up would be a 'disaster.'
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Warner Bros. Discovery launches formal auction as it seeks bidding war for media giant: sources
Warner Bros. Discovery has launched a formal auction of the media giant, with bankers at JPMorgan and Allen & Co. combing through expressions of interest from multiple suitors – including one
Warner Bros. Discovery Inc. said it’s considering a possible sale of the company after receiving unsolicited interest from multiple parties. Netflix Inc. and Comcast Corp. are weighing bids for parts of the media and entertainment company,