mergers-and-acquisitions News
WBD Board Leans to Netflix's $83B Bid Over Paramount's Hostile Offer
Warner Bros. Discovery is set to reject a higher $108B hostile takeover from Paramount Skydance, favoring a strategic asset sale to Netflix that would reshape the streaming landscape.
Diageo Rises on $2.3B Sale of Beer Unit to Japan's Asahi
The deal sharpens the spirits giant's focus on its high-margin premium brands like Johnnie Walker and Don Julio, signaling a deeper commitment to its 'premiumization' strategy.
Worthington Enterprises Buys LSI for $205M, Boosting Building Products Unit
Acquisition of metal roof components maker comes as the company posts a 19% surge in quarterly revenue, though shares pull back in recent trading.
Paramount Stock Surges as WBD Takeover Bid Is Abandoned
Investors show relief as the smaller media company backs away from a highly leveraged and complex $108.4B acquisition of its larger rival, Warner Bros. Discovery.
Warner Bros. Slips as Board Prepares to Reject Paramount Offer
Shares fall after reports suggest the board will advise against a $30-per-share hostile bid, citing concerns over financing and valuation.
Paramount Challenges Netflix with Hostile Bid for Warner Bros. Discovery
The surprise all-cash offer for the entire company upends Netflix’s more targeted asset bid, sparking a potential bidding war for the debt-laden media giant.
Paramount Launches $108B Hostile Bid for Warner Bros. Discovery
The all-cash tender offer at $30 per share challenges a rival bid from Netflix, escalating the battle for media industry dominance.
Warner Bros. Discovery Soars as Paramount Launches $108B Hostile Bid
An all-cash offer of $30 per share seeks to upend a rival bid from Netflix, sparking a fierce bidding war for the global media and entertainment giant.