Netflix, Comcast and Paramount Make Their Warner Bids
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A breakdown of the news Warner Bros. Discovery is planning to sell, including interest from Comcast, Netflix, and Paramount.
The buyout bids set the stage for a significant consolidation in the media industry, and includes prized assets such as HBO, Warner’s film library, and the DC Comics universe.
Larry Ellison discussed with one White House official possibly axing CNN hosts Erin Burnett and Brianna Keilar should David Ellison’s Paramount Skydance purchase CNN parent Warner Bros. Discovery, according to a report in the Guardian.
Paramount is to submit its bid of around $23.50 a share for Warner Bros. Discovery this week.
Methinks there’s plenty of smoke to the notion. Deadline reported a visit and pledge of $1 trillion from controversial Saudi Arabia Crown Prince Mohamad Bin Salman and Comcast CEO Brian Roberts coincidentally recently (wink wink) visited Saudi Arabia, according to the New York Post.
Elizabeth Warren, Bernie Sanders and Richard Blumenthal wrote in a letter that any deal for WBD could create a company that "would have even more market power than the current companies to raise consumers’ television costs.