Post · bonfire.cafe

@newsguyusa@flipboard.social · 2 months ago

Netflix says it won’t raise its offer for WBD to counter a higher bid made earlier this week by Paramount Skydance. https://ir.netflix.net/investor-news-and-events/financial-releases/press-release-details/2026/Netflix-Declines-to-Raise-Offer-for-Warner-Bros-/default.aspx

Netflix Declines to Raise Offer for Warner Bros.

Netflix, Inc. today announced that it has declined to raise its offer for Warner Bros. Netflix had earlier received notice from Warner Bros. Discovery (WBD) that its Board of Directors has determined Paramount Skydance's (PSKY) latest proposal constitutes a "Superior Proposal" under the terms of WBD's existing merger agreement with Netflix. Netflix issued the following statement in response from co-CEOs Ted Sarandos and Greg Peters: The transaction we negotiated would have created shareholder va

1

@Npars01@mstdn.social · 2 months ago

#TranslatedFromTheRepublican

"Larry Ellison & his fossil fuel funded fascists, proceed with plans to create a one-party media monopoly. "