Tag: Warner Bros. Discovery

"By coming together with Netflix, we will combine the stories Warner Bros. has told that have captured the world’s attention for more than a century and ensure audiences continue to enjoy them for generations to come."

Documents from a lawsuit filed last year reveal that CNN had revenue of $2.2 billion in 2021.

“WBD has failed to include any disclosure about how it valued the Global Networks stub equity, how it valued the overall Netflix transaction, how the purchase price reduction for debt works in the Netflix transaction, or even what the basis is for its ‘risk adjustment’ of our $30 per share all-cash offer.”

The rejection was expected, as Paramount presented the same all-cash terms as its initial offer of $30 per share in mid-December.

"Paramount Skydance went public earlier this month with a $30-per-share all-cash offer for Warner Bros. Discovery."

"Larry Ellison has agreed to provide an irrevocable personal guarantee of $40.4 billion of the equity financing for the offer and any damages claims against Paramount"

"That, I would say, has frustrated me in the past about some coverage when it’s sort of reduced to ‘one side wanted it more’ or ‘this side played harder.’"

"Following a careful evaluation of Paramount’s recently launched tender offer, the Board concluded that the offer’s value is inadequate, with significant risks and costs imposed on our shareholders"

"My goal is to keep being curious. Sometimes people get callous and have covered a sport for so long that they believe they are the arbiter of it. I feel as if I’m always the guest and make good dinner conversation"

"I think CNN should be sold because I think the people that are running CNN right now … are either corrupt or incompetent.”