max netflix Netflix to acquire Warner Bros. (at least parts of it) in $83 billion deal

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Holy mother forking shirt balls.

  • Netflix agrees to acquire Warner Bros. Discovery for $72 billion, gaining iconic franchises like Batman, Harry Potter and Friends alongside its hit originals. Netflix will also take on more than $10 billion in Warner Bros. debt, pushing the deal’s enterprise value to $82.7 billion.
  • The deal would give Netflix over 420 million streaming subscribers worldwide, making it far larger than any competitor in the streaming market.
  • Industry groups and anti-trust experts oppose the deal, citing threats to movie theaters and competition for creative talent in Hollywood.
I do not look forward to the day I need to subscribe to Netflix/HBO/Warner/Paramount/Mazda/Kelloggs+, or some such shit.
 

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Why am I suddenly for this acquisition? :unsure:

 

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You know whats amusng.

The original stories all.over basicallynwan with Netflix owning it as if its a done deal.
 

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G/O Media (The Onion's owner) should buy Warner Bros. *nods*
 

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It's hard to be on a side in this, but...

The Warner Bros. Discovery board has unanimously voted to rebuff Paramount’s $108.4 billion offer and urged shareholders to reject the hostile takeover bid. The board is continuing to support Netflix’s pending $82.7 billion purchase of its streaming and movie studios businesses along with a separate spinoff of the Warner Bros. cable TV division.

Warner Bros. called the Paramount bid “illusory” in a presentation for shareholders today, saying the offer requires an “extraordinary amount of debt financing” and other terms that make it less likely to be completed than a Netflix merger. It would be the largest leveraged buyout ever, “with $87B of total pro forma gross debt,” and is “effectively a one-sided option for PSKY [Paramount Skydance] as the offer can be terminated or amended by PSKY at any time,” Warner Bros. said.
 

Casey Pelous

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Warner Bros. called the Paramount bid “illusory” in a presentation for shareholders today, saying the offer requires an “extraordinary amount of debt financing” and other terms that make it less likely to be completed than a Netflix merger. It would be the largest leveraged buyout ever, “with $87B of total pro forma gross debt,” and is “effectively a one-sided option for PSKY [Paramount Skydance] as the offer can be terminated or amended by PSKY at any time,” Warner Bros. said.
OMG. Well, begrudging kudos to whomever wrote that offer. "We'll give you a million bazillion dollars in [currently imaginary] money unless we can't borrow that much, but we'll try really hard to borrow it. Honest. And if, for some weird reason, it turns out we can't borrow more than anyone sane thinks this company is worth, well, you'll take whatever we can get. But, hey, that would never happen, probably. Just sign here ...."

Somewhere, someone had a moment when they said, "Holy shit, guys, they're actually considering it!"