Tag: Warner Bros. Discovery

"Should WBD re-enter talks, the move could strengthen the board’s position in the face of anticipated shareholder litigation, which frequently accompanies transactions of this scale and complexity."

Dianora joins after previously serving as the Director of Revenue Partnerships for CNN Audio and Warner Bros. Discovery.

"Language in the proxy suggests that following the completion of the Netflix and Warner Bros. Discovery deal, AEW’s rights will remain with Discovery’s Global Linear Networks division."

"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.’"