The media company controlled by the Ellisons out-dueled Netflix for control of Warner Bros. Discovery. The next step is making the combined media empires work.
Category: Mergers, Acquisitions and Divestitures
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Paramount Is Set to Win Warner Bros. Now Comes the Hard Part.
The New York Times – Business: -
Netflix Backs Out of Bid for Warner Bros., Paving Way for an Ellison Takeover
The New York Times – Business:The move was a stunning development in the long-running corporate battle for the storied media giant.
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Warner Bros. Discovery Deems Paramount’s $111 Billion Bid ‘Superior’
The New York Times – Business:Netflix now has four business days to decide whether it wants to counter Paramount’s offer.
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Paramount Raises Its Bid for Warner Bros. Discovery
The New York Times – Business:Warner Bros. Discovery said Paramount’s new offer of $31 a share could lead to a “superior proposal” to the deal it signed with Netflix.
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Paramount Revises Its Bid for Warner Bros. Discovery
The New York Times – Business:Netflix, Warner Bros. Discovery’s preferred acquirer, now has four days to counter Paramount’s revised offer.
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After Saks Bankruptcy, Richard Baker Says He Saved Luxury Department Stores
The New York Times – Business:Richard Baker wanted to create a retail empire when he combined Saks Fifth Avenue and Neiman Marcus. About a year later, it filed for bankruptcy.
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Paramount’s New Chance to Win Over Warner Bros. Discovery
The New York Times – Business:The takeover battle took a new turn on Tuesday as Warner Bros. Discovery reopened talks with its rebuffed suitor. But big questions still remain.
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Warner Bros. Discovery Restarts Deal Talks with Paramount
The New York Times – Business:Paramount’s takeover bid was rejected in favor of Netflix, which wanted only the streaming and studio businesses. Paramount said it would pay more if negotiations were reopened.
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Warner Bros. Is Said to Consider Reopening Talks With Paramount
The New York Times – Business:Warner Bros. Discovery had agreed to sell itself to Netflix, but its contract allows it to pursue offers that may lead to a superior deal.
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New Kraft Heinz CEO Says Food Company Won’t Split, for Now
The New York Times – Business:The company’s new C.E.O. said he saw opportunities to fix and grow the food giant — and cut prices for consumers.