#Netflix Warner Bros deal

Paramount has made a hostile all-cash offer to buy Warner Bros. Discovery at $108.4 billion, which Paramount says gives shareholders a better deal than Netflix’s nearly $83 billion proposal. President Donald Trump said Netflix’s deal “could be a problem” and indicated he would be involved in government decisions regarding competition approval. Paramount is set to acquire Warner Bros. Discovery in a deal valued at around $111 billion (roughly PHP 6.2 trillion) after Netflix officially backed out of the bidding war. Warner Bros, which put itself up for sale last year, said Paramount’s updated offer was "superior" to Netflix’s proposal. If completed, the deal would give Paramount control of Warner Bros’ film studios, streaming platforms, and major TV networks, including HBO Max and CNN, in what could have been one of the biggest shakeups in the global entertainment industry. Back in December, Warner Bros had agreed to sell parts of its film and streaming business to Netflix in a deal worth about $82 billion (PHP 4.6 trillion), including debt. Read more in our articles including "New Paramount offer challenges Netflix’s Warner Bros. deal" and "Paramount Wins Warner Bros over as Netflix Walks Away from Mega Deal".