WBD Acquisition Thread

[the greenman]

Not sure if it’s best for me to ask this here or in the WBD discussion thread but, Is the Netflix-WB merger still likely to go through given Paramount’s recent actions?

This all seems up in the air. Seems Washington DC is likely to get involved too (perhaps because of PSKY involvement with foreign entities), not sure 100% certain yet.

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[Insidus]

One of WBD's shareholders had stated that the offer from Paramount is superior to Netflix Warner Bros. Discovery Shareholder Pentwater Capital Management Says Paramount's Revised Bid Is 'Economically Superior' to Netflix

 

[Elijah Abrams]

Maybe we should stop talking about WBD getting acquired as of now, because this has turned into a joke with this catfight between David Ellison and Netflix. I feel like the chances of Netflix’s acquisition of Warner Bros. going through is getting slimmer by the day, given David Ellison's hostility, Donald Trump being against it, and now this lawsuit/proxy fight by Ellison. I’m worried the merger will be put off until next year after whatever happens at this year’s midterms.

 

[zakawer2]

If neither side ultimately gets Warner Bros. Discovery, then just let WBD carry out its split in peace (with Netflix providing WBD with its promised separation fee to help WBD split into Warner Bros. and Discovery Global).

 

[Moe]

Not necessarily. If the U.S. president does not support the acquisition of Warner Bros. by Netflix (even if it is for reasons beyond the scope of this website), that does not necessarily mean he supports Paramount's bid to acquire all of Warner Bros. Discovery either.

Yeah, you are right.

Also, he bashed at Paramount over CBS.

And WBD's response.

WBD Slams “Meritless Lawsuit,” Attacks On Board As Paramount Seeks To Derail Netflix Deal

In a major escalation, Paramount said it is planning to run a slate of directors at WBD's annual meeting and has sued for disclosures around the Netflix deal.

deadline.com

Lawsuit is nothing but waste of time for everyone.

It is either cheap settlement or empty hand for Ellison.

Paramount to nominate directors to Warner Bros board to vote against Netflix deal

Paramount also files lawsuit seeking disclosure of financial information related to $82.7bn agreement

www.theguardian.com

It is just like Disney's board election - they battled for power.

Skydance's strategy to replace WBD board as part of hostile takeover isn't always work and it depends on WBD shareholders as many of them could favor ordinary WBD candidate rather than Skydance backed candidate.

Hostile takeover is not guarantee to win the game if company fight all time.

Not sure if it’s best for me to ask this here or in the WBD discussion thread but, Is the Netflix-WB merger still likely to go through given Paramount’s recent actions?

It is 50%-50%.

It is very possible for Netflix and Skydance to lose the game at same time.

One of WBD's shareholders had stated that the offer from Paramount is superior to Netflix Warner Bros. Discovery Shareholder Pentwater Capital Management Says Paramount's Revised Bid Is 'Economically Superior' to Netflix

Pentwater Capital Management only own like 1% of WBD.

Netflix is prepared to step up the offer if it is recommended by lawyers and Pentwater alone is not enough for Netflix lawyers to call Netflix to step up.

I'm definitely sure that Netflix is going to step up anytime soon, especially closer to board election.

Maybe we should stop talking about WBD getting acquired as of now, because this has turned into a joke with this catfight between David Ellison and Netflix. I feel like the chances of Netflix’s acquisition of Warner Bros. going through is getting slimmer by the day, given David Ellison's hostility, Donald Trump being against it, and now this lawsuit/proxy fight by Ellison. I’m worried the merger will be put off until next year after whatever happens at this year’s midterms.

No, Ellison's hostility isn't going to stop Netflix from win the acquisition of WBD, also WBD opt to fight the hostile takeover is big plus.

If WBD is passive, so you will know that Netflix would lose it, so it is not in case.

The proxy fight is very common with hostile takeover and it is not guarantee to work, so Netflix know about what they do. Give them more time.

Just take a deep breath and Netflix can win the game after hostile takeover gets thwarted.

 

[Insidus]

Pentwater Capital Management only own like 1% of WBD.

Netflix is prepared to step up the offer if it is recommended by lawyers and Pentwater alone is not enough for Netflix lawyers to call Netflix to step up.

I'm definitely sure that Netflix is going to step up anytime soon, especially closer to board election.

I don't see them increasing their bid especially if Paramount ultimately prevails

If neither side ultimately gets Warner Bros. Discovery, then just let WBD carry out its split in peace (with Netflix providing WBD with its promised separation fee to help WBD split into Warner Bros. and Discovery Global).

Paramount in all honesty has a deadline because WBD still plans to split into separate entities when if the Netflix deal gets prolonged. WBD has gotten offers for the cable part which combined with Netflix would substitute that $108 billion from Paramount.

 

[Moe]

I don't see them increasing their bid especially if Paramount ultimately prevails

How you know?

Netflix has a lot of room to up the bid when timing is right.

You have to remember that corporations are very complicated, so that is very beyond for members on this forum to understand. You would have to be major shareholder for WBD to understand about what come from Netflix.

It is not over, even with one news that come from investment group that only own 1% or less.

Paramount in all honesty has a deadline because WBD still plans to split into separate entities when if the Netflix deal gets prolonged. WBD has gotten offers for the cable part which combined with Netflix would substitute that $108 billion from Paramount.

Cable assets are worthless in streaming era and Netflix could create a new linear network instead of debt ridden cable networks.

 

[Elijah Abrams]

Surely this is gonna give Netflix an edge.

Netflix Prepping All-Cash Bid for Warner Bros. Studios and HBO Max Amid Paramount Skydance Pressure: Report

Netflix is reportedly readying a revised offer -- in all cash -- to acquire Warner Bros. Discovery's streaming and studios businesses.

variety.com

 

[Insidus]

Surely this is gonna give Netflix an edge.

Netflix Prepping All-Cash Bid for Warner Bros. Studios and HBO Max Amid Paramount Skydance Pressure: Report

Netflix is reportedly readying a revised offer -- in all cash -- to acquire Warner Bros. Discovery's streaming and studios businesses.

variety.com

I hear Netflix is not interested in raising their bid or at least from what was stated at NYP. Paramount is wasting their time I mean they just need $32 to $34 then the company is as good as theirs and I believe they do make a fair point about Discovery Global.

 

[Moe]

Surely this is gonna give Netflix an edge.

Netflix Prepping All-Cash Bid for Warner Bros. Studios and HBO Max Amid Paramount Skydance Pressure: Report

Netflix is reportedly readying a revised offer -- in all cash -- to acquire Warner Bros. Discovery's streaming and studios businesses.

variety.com

I told you - Netflix is well prepared for fighting against Ellison.

Netflix is warrior and as for members in here, just sit, watch and relaxed.

I hear Netflix is not interested in raising their bid or at least from what was stated at NYP. Paramount is wasting their time I mean they just need $32 to $34 then the company is as good as theirs and I believe they do make a fair point about Discovery Global.

NYP article is opinion and they just assume on corporation’s behavior.

 

[harry580]

well, paramount lawsuit got rejected, so, that's what they get, now all they have to do is to walkaway from this and netflix will get Warner bros

 

[powergate92]

Judge Declines To Fast Track Paramount Suit Amid Warner Merger Fight; David Ellison Company Will Extend Tender Offer

A judge ruled Paramount hasn't identified “irreparable harm” to itself as a Warner Bros. Discovery shareholder and denied a motion to expedite disclosure.

deadline.com

 

[Insidus]

well, paramount lawsuit got rejected, so, that's what they get, now all they have to do is to walkaway from this and netflix will get Warner bros

I don't know I feel like there's gonna be Plan E

 

[Camping My TV Set]

I do think that MTV would fail miserably if they tried to rebrand as music streaming.

if I'm being completely honest, the only real future MTV has is representing Paramount's adult animation library, brands, and franchises

 

[Moe]

I don't know I feel like there's gonna be Plan E

If Skydance lose the proxy fight so it is game over for Skydance, so it means hostile takeover attempt failed and Skydance would have one option is outbid, but Netflix can outbid to push Skydance into deeper debt in case if they win the game.

Don't underestimate Netflix and media opinion is not your best friend.

You have to watch and wait out for final winner - it take very while.

 

[Elijah Abrams]

If Skydance lose the proxy fight so it is game over for Skydance, so it means hostile takeover attempt failed and Skydance would have one option is outbid, but Netflix can outbid to push Skydance into deeper debt in case if they win the game.

Don't underestimate Netflix and media opinion is not your best friend.

You have to watch and wait out for final winner - it take very while.

Skydance doesn’t want to raise their bid, because they don’t wanna get into financial trouble.

 

[Moe]

Skydance doesn’t want to raise their bid, because they don’t wanna get into financial trouble.

That why Skydance is done when they lose the proxy fight at annual WBD meeting.

 

[Insidus]

If Skydance lose the proxy fight so it is game over for Skydance, so it means hostile takeover attempt failed and Skydance would have one option is outbid, but Netflix can outbid to push Skydance into deeper debt in case if they win the game.

Don't underestimate Netflix and media opinion is not your best friend.

You have to watch and wait out for final winner - it take very while.

Paramount is wasting money with these lawsuits and hey they could try to take notes from Sony

 

[Space Cadet]

The Hollywood Reporter has an interesting article about how Paramount and WB almost merged before....in 1929 but was stopped by the Stock Market Crash:

The “Paramount-Warner Bros. Corporation” Nearly Happened — Then the Stock Market Crashed

If past is present in Hollywood, there's lessons for both David Ellison and David Zaslav from merger mania 100 years ago.

www.hollywoodreporter.com

 

[Moe]

Paramount is wasting money with these lawsuits and hey they could try to take notes from Sony

David Ellison is very narcissistic and they don't want to be loser with businesses.

Netflix is playing smart - it means slow path to victory.