Netflix set to bolster its Warner Bros bid as it fends off rival Paramount Skydance
Netflix is set to beef up its bid for Warner Bros Discovery as it fends off rival Paramount Skydance in the Hollywood shootout’s latest twist.The streaming giant is said to be preparing a cash deal after a previous offer of £62billion in cash and shares. Bosses at Netflix – the home of Bridgerton and Squid Game – hope this will amount to a quicker, simpler transaction for Warner shareholders.It comes as Paramount, whose films range from The Godfather to Top Gun, seeks seats on the Warner board in a bid to swing the takeover tussle its way.Warner has rejected its £81billion offer, backed by a £30billion guarantee from Oracle co-founder Larry Ellison – whose son, David, runs Paramount.The firm is looking to buy the whole of Warner Bros Discovery, whereas a deal with Netflix would involve just its film studios and streaming business; its cable TV assets would be spun off.A takeover would hand Netflix the studio behind films such as Harry Potter, while its HBO arm made Sex And The City. Hollywood dreams: Bosses at Netflix – the home of Bridgerton and Squid Game (pictured) – are said to be preparing a cash offer for Warner Bros DiscoveryDIY INVESTING PLATFORMSAJ BellAJ BellEasy investing and ready-made portfoliosHargreaves LansdownHargreaves LansdownFree fund dealing and investment ideasinteractive investorinteractive investorFlat-fee investing from £4.99 per monthFreetradeFreetradeInvesting Isa now free on basic planTrading 212Trading 212Free share dealing and no account feeAffiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.Compare the best investing account for you
Share or comment on this article:
Netflix set to bolster its Warner Bros bid as it fends off rival Paramount Skydance
