Latest about Warner Bros. Discovery
Combined entity reaches 57% of US internet households, positioning it alongside Netflix, Google, Amazon, and Disney in viewer engagement and reach
Opponents are urging states to file lawsuits to block the deal, as they did in the Nexstar/Tegna deal
Netflix has declined to raise its bid, saying `the price required to match Paramount Skydance's latest offer...is no longer financially attractive"
At launch the streaming platform will become the streaming home for the TNT Sports subscription service
The amended agreement, which is supported by the WBD board, provides shareholders with more `certainty’ and moves up the timeline for shareholder approval
It will nominate directors for election at the WBD 2026 Annual Meeting as part of a proxy fight to block the Netflix deal and acquire the company
Business Board concluded that the offer ‘remains inferior’ to proposed Netflix deal and includes risky levels of debt
INSIGHT From an industry point of view, this merger is simply a confirmation that the mad dash of the last decade is over
