Warner Bros: Paramount secures Hollywood studio for $111 billion!
Reading Time: 4 minutes
The takeover poker game surrounding Warner Bros. Discovery is over. Paramount is acquiring the Hollywood studio for $111 billion. Netflix officially withdrew its offer after a four-day negotiation extension on Thursday in Los Angeles. While the Warner board had previously recommended that shareholders accept Netflix's offer, the company's management has now cleared the way for Paramount Skydance, led by David Ellison. The stock market reacted immediately to this decision: Netflix shares jumped by up to 13%, while Warner shares fell and Paramount...
Read this article now with a free account.
Your benefits:
- Every month, you can read 5 articles from the premium section for free.
- Monthly 2 trial issues of the Trader newspaper for free.
- Create a personal watchlist with an overview of news about your stock.
