Paramount Urges Warner Bros. Shareholders to Reject Netflix Deal, Extends Takeover Bid Offer
Jan. 22 (UPI) — Paramount Skydance extended the deadline for shareholders to accept its hostile bid to buy Warner Bros. Discovery.

Jan. 22 (UPI) — Paramount Skydance extended the deadline for shareholders to accept its hostile bid to buy Warner Bros. Discovery.

Analysts fear that the Nextflix acquisition deal with Warner Bros. is dragging the streamer’s stock down as stock value fell this week to a 52-week low.

Jon Stewart dismissed a fan’s suggestion that he run for office as “desperation,” as well as “dissatisfaction” with “the status quo,” adding, “You see somebody on television who’s saying some of the things that resonate with you, and you think, ‘Well, f**k it.'”

“Star Trek: Starfleet Academy” has been available free for five days and earned only 176,000 views.

Warner Bros. Discovery is in the middle of a Hollywood tug-of-war between Netflix and Paramount. And chances are it’ll be a long, bumpy regulatory road ahead for either buyer.

A Hollywood actors union is plotting to go on strike next year over the possible acquisition of Warner Bros. Discovery by Netflix.

CNN is heading into an uncertain future with its parent company Warner Bros. Discovery (WBD) destined for a takeover — and US President Donald Trump hoping the change will allow him to influence the iconic news network’s programming.

NEW YORK — Warner Bros. is telling shareholders to reject a takeover bid from Paramount Skydance, saying that a rival bid from Netflix will be better for customers.

Disney CEO Bob Iger is speaking out leaving little doubt over the dangers he fears that might manifest if a merger between streaming giant Netflix and entertainment giant Warner Bros. Discovery is approved by federal regulators.

President Donald Trump has signaled some opposition to Netflix purchasing Warner Bros. Discovery, saying that CNN should be sold as part of the package deal.

The betting site Polymarket just gave Paramount a boost after its announcement of a $108 billion hostile takeover bid to buy Warner Bros.

BANGKOK (AP) — Paramount Skydance says the Chinese gaming and social media giant Tencent Holdings withdrew from its bid to buy Warner Bros Discovery to avert a possible national security review.

Paramount took its battle for Warner Bros. Discovery directly to shareholders Monday, launching a $30-per-share all-cash tender offer for the entertainment giant just days after Warner agreed to a deal with Netflix.

Cinematic titan James Cameron has come out in opposition to Netflix getting Oscar nominations and called the streaming giant’s theatrical release strategy “rotten to the core.”

A potential merger between Paramount Skydance and Warner Bros. Discovery is facing opposition from Sen. Elizabeth Warren and the Writers Guild of America, who warn the deal would consolidate control of major news and entertainment outlets under a single conglomerate.

David Ellison’s Paramount Skydance reportedly has the best chance in the brewing bidding war to purchase Warner Bros. Discovery due to an unlikely advantage: CNN.

White House officials reportedly discussed the potential firing of several CNN anchors disliked by President Donald Trump with billionaire investor Larry Ellison, a report says.

The Hollywood writer’s union is raising the alarm over the possible merger between Warner Bros. Discovery and Paramount Skydance, saying that such a merger would be a “disaster,” but President Donald Trump says he is all for the plan.

Mass layoffs across Paramount Skydance are set to begin the week of 27 October with some 2,000 U.S. jobs expected to be targeted.
