On Friday, December 5, Netflix announced that it would be acquiring Warner Bros. in a deal worth $82.7 billion. That made them the winners of a bidding war that kicked off in September, when Paramount just out of nowhere went, “hey, Warner Bros., mind if I buy you?” But Paramount’s not quitting just yet. On Monday, December 8, Paramount launched its own hostile takeover bid of Warner Bros. with an offer worth $108.4 billion.
What is going on? Why is everyone going after Warner Bros.? And how is this going to impact TV and film going forward? Let’s break it down.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased
