The media company formally rejected a hostile takeover bid by Paramount and questioned the purported political advantages held by its unwanted suitor.
Category: Mergers, Acquisitions and Divestitures
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Warner Bros. Says Ellisons ‘Misled’ Shareholders in Takeover Bid
The claim was made as part of Warner Bros. Discovery’s dismissal of Paramount’s hostile takeover offer.
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Jared Kushner’s Affinity Partners Pulls Out of Bid for Warner Bros. Discovery
Affinity Partners, Mr. Kushner’s private equity firm, played a small financial role in Paramount’s $108 billion offer, but it had attracted political attention to the deal.
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Elon Musk’s SpaceX Valued at $800 Billion, as It Prepares to Go Public
A sale of insider shares at $421 a share would make Mr. Musk’s rocket company the most valuable private company in the world, as it readies for a possible initial public offering next year.
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Questions About Larry Ellison’s Financing Pledge for Paramount’s Bid for Warner Bros.
The Oracle co-founder has pledged billions to finance Paramount’s takeover bid for Warner Bros. Discovery — which has questions about his commitment.
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Paramount Says Money Is No Object. Warner Bros. Isn’t Convinced.
Larry Ellison is backstopping Paramount’s bid for Warner Brothers, but Warner Brothers is concerned that the billionaire has not provided a personal guarantee to pay.
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Thomas O. Hicks, Texas Money Man Who Owned 3 Teams, Dies at 79
A master of leveraged buyouts, he bought baseball and hockey teams in Texas and an English soccer club, only to lose them in an avalanche of debt.
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The Battle for Warner Bros. Discovery
Nicole Sperling, a Times reporter who covers Hollywood and the streaming revolution, breaks down the competing bids from Netflix and Paramount to buy Warner Bros. Discovery.
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Asserting a Personal Role in Warner Bros. Battle, Trump Expands His Powers Again
The move comes as the Supreme Court also appears poised to put antitrust enforcement by the Federal Trade Commission under his control.
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Paramount Makes Hostile Bid for Warner Bros. Discovery
The offer to shareholders comes days after Warner Bros. agreed to sell its streaming and studio business to Netflix.
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Trump Stands in the Middle as Netflix and Paramount Vie for a Megadeal
The president has shattered norms by pledging to “be involved” in the regulatory fate of a transaction that could reshape the news and entertainment industries.