"Haha. They paid $110 billion. Netflix gets $2.8 billion. Zaslov laughing to the bank. Welcome to Hollywood kid. What is surprising to me is the speed with which Netflix had pulled out, and I respect their choice not to pretend they're still in it and prolong the game."
"If WBD had indications of Netflix losing their faith in the deal, the change in their tone towards Paramount, dialing back their expectations for the headline price - all of these make sense now. Paramount could way overpay for WBD, allowing Netflix to walk away with Billions and a huge win saddling paramount with losses forever."
Paramount-Skydance emerged victorious in a competitive bidding process for Warner Bros. Discovery after Netflix withdrew from negotiations. Netflix will receive approximately $2.8 billion in breakup fees as a result of the failed acquisition. Business analysts and political figures have offered varied perspectives on the deal's implications. Wealth managers note the substantial financial advantage Netflix gained by exiting, while merger and acquisition experts highlight Netflix's strategic decision to withdraw quickly rather than continue prolonged negotiations. Political leaders, including Senator Elizabeth Warren, have raised concerns about the consolidation and its broader implications for the media industry and regulatory oversight.
#media-merger #paramount-skydance #warner-bros-discovery #netflix-acquisition #entertainment-industry-consolidation
Read at Business Insider
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