Overview
- An SEC filing shows Tencent withdrew as a financing partner after initially pledging $1 billion, with Paramount citing Warner Bros. Discovery’s concern about potential CFIUS review.
- Paramount Skydance publicly launched a hostile offer this week to buy the entire company at $30 per share in cash.
- Netflix previously proposed $27.75 per share in a cash-plus-stock deal focused on the Hollywood studio and streaming operations.
- Warner Bros. Discovery opened a formal sale process in October that attracted multiple bidders, including Netflix and Comcast.
- Bloomberg reported that Netflix co-CEO Ted Sarandos met President Donald Trump in mid-November to discuss the deal and that Netflix had weighed targets such as EA, Fox and Disney before pursuing Warner Bros. Discovery.