Netflix addresses concerns over Warner Bros. deal
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Some of Wall Street’s biggest rainmakers are vying for a windfall as the Paramount-Netflix bidding war for Warner Bros Discovery reaches a climax, capping a blockbuster year for mergers and acquisitions.
A hostile bid from Paramount came after Netflix struck a deal with Warner Bros.
Paramount Skydance Corp. and Netflix Inc. — the entertainment heavyweights locked in a bidding war for Warner Bros. Discovery Inc. — are girding for a battle they predict will stretch well into 2026.
Paramount Skydance says that the Chinese gaming and social media giant Tencent Holdings withdrew from its bid to buy Warner Bros Discovery to avert a national security review.
Rival efforts from Netflix and Paramount could upend the media industry.
Netflix and Warner Bros. have a deal, but regulators must approve the move. The question of how to define Netflix's market is a key consideration.
Early trading suggests the cable-network spinoff is being valued conservatively, a signal that could matter in the Warner Bros. Discovery takeover battle.
Warner Bros. and DC Studios are set on making Supergirl as big of a success as possible, as they’ve launched an ambitious new marketing campaign with TikTok.