A Paramount merger could be end of HBO Max
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Netflix will walks away with a hefty $2.8 billion breakup fee as Warner Bros. Discovery shifts to Paramount and M&A drama accelerates.
With Netflix out of the picture, a Paramount and Warner Bros. Discovery deal may have fewer obstacles to regulatory approval.
Netflix co-CEO Ted Sarandos has now broken his silence after dropping out of the bidding war for Warner Bros. Discovery, conceding defeat to Paramount.
Things in media M&A land continue to move fast with Netflix revealing that it is $2.8 billion richer after receiving the funds from Paramount.
Ellison father and son viewed deal as a matter of survival to compete with tech giants that now dominate Hollywood