Paramount Skydance has won the bidding war for Warner Bros Discovery after Netflix declined to raise its offer, Reuters reported. Netflix confirmed it walked away, saying the deal was no longer financially attractive at Paramount’s latest bid. The move leaves Paramount poised to merge with Warner Bros, potentially reshaping Hollywood’s studio and streaming landscape. Netflix […]
Warner Bros Discovery acquisition
Netflix refinances $25 billion to back Warner Bros deal
Netflix has refinanced part of a $59 billion bridge loan for its potential Warner Bros Discovery acquisition. The company secured a $5 billion revolving credit facility and two $10 billion delayed-draw term loans. About $34 billion of the bridge loan remains to be syndicated. Netflix won the financing through a competitive auction, beating rival bids, […]