Paramount clears hurdles on path to approval
Paramount's bid for Warner Bros Discovery has cleared a hurdle on the path to regulatory approval in the US. The Financial Times reports that it is evidence that the proposed deal has the support of the Trump administration.
The media group announced on Friday that the bid has passed the Justice Department's so-called second request review.
Paramount is settling on the company with Netflix, which has made a bid of $27.75 per share, equivalent to $82.7 billion, for Warner Bros' studio and streaming operations.
Paramount, in turn, has offered $30 per share, or $108 billion, for the entire company.
Paramount's bid for Warner Bros Discovery has cleared a hurdle on the path to regulatory approval in the US. The Financial Times reports that it is evidence that the proposed deal has the support of the Trump administration.
The media group announced on Friday that the bid has passed the Justice Department's so-called second request review.
Paramount is settling on the company with Netflix, which has made a bid of $27.75 per share, equivalent to $82.7 billion, for Warner Bros' studio and streaming operations.
Paramount, in turn, has offered $30 per share, or $108 billion, for the entire company.
Sources: Netflix has plenty of room to sweeten its bid
Netflix has plenty of room to raise its bid in the battle for Warner Bros. if rival Paramount Skydance were to make a higher bid. This is what sources told Reuters.
Warner Bros. is to hold a shareholders' meeting on March 20 to vote on Netflix's bid, but has at the same time given Paramount a week to present a more attractive offer.
Netflix has made a bid of $ 27.75 per share, equivalent to $ 82.7 billion, for Warner Bros. studio and streaming operations.
Paramount, in turn, has offered $ 30 per share, or $ 108 billion, for the entire company.
The news created some volatility in the affected stocks. Netflix, among others, fell 1.3 percent.
Netflix has plenty of room to raise its bid in the battle for Warner Bros. if rival Paramount Skydance were to make a higher bid. This is what sources told Reuters.
Warner Bros. is to hold a shareholders' meeting on March 20 to vote on Netflix's bid, but has at the same time given Paramount a week to present a more attractive offer.
Netflix has made a bid of $ 27.75 per share, equivalent to $ 82.7 billion, for Warner Bros. studio and streaming operations.
Paramount, in turn, has offered $ 30 per share, or $ 108 billion, for the entire company.
The news created some volatility in the affected stocks. Netflix, among others, fell 1.3 percent.
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