Warner reopens takeover talks with Paramount
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Ted Sarandos isn’t hiding his frustration at the hurdle that emerged Tuesday in Netflix’s plan to acquire Warner Bros. and HBO Max through an $83 billion sale agreement reached in December. Sarandos told CNBC in an interview Tuesday that Paramount Skydance has spread falsehoods designed to destabilize the Netflix transaction.
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Netflix Co-CEO Ted Sarandos Accuses Paramount of 'Flooding the Zone' to Confuse Shareholders
Netflix co-CEO Ted Sarandos came out swinging after the streamer and Warner Bros. Discovery gave Paramount until Feb. 23 to submit a "best and final offer," accusing David Ellison & Co. of "flooding the zone with confusion for shareholders.
Stephen Colbert criticized CBS and parent company Paramount on Tuesday night over the posting on YouTube only of his interview with Texas Democrat James Talarico, who's running for a U.S. Senate seat.
Paramount has responded to Warner Bros. Discovery, which, with the backing of Netflix, will start seven days of talks through Feb. 23 with the David Ellison company on a potential deal. "Paramount acknowledges the announcement from Warner Bros.
What Happened in Markets Today Warner Bros. Discovery said Tuesday it will restart deal talks with Paramount. The move sets the stage for a potential bidding war with Warner’s preferred
Paramount Skydance stock rises after Warner Bros. Discovery says it will restart deal talks with the company.
Warner Bros. Discovery announced that Netflix has granted it a limited 7-day waiver to allow WBD to talk with Paramount Skydance about its offer.