“Warner Brothers” calls for rejecting the acquisition of “Paramount” for $108 billion
Media reports reported, on Wednesday, that the company "Warner Bros. Discovery" It will urge its shareholders to reject The takeover offer submitted by the company from "Paramount Skydance" With a value of $108.4 billion.
Paramount had announced that its offer "better" From the offer made by its competitor "Netflix" With a value of $72 billion, Aber to acquire its cinema business and the streaming services it provides "Warner Brothers".
At the same time, it was reported that the company "Affinity Partners"Paramount, the main backer of Paramount’s purchase of Warner Bros., has withdrawn from the deal, citing lack of… "Strong competitors".
Newspaper reported "Financial Times" That "Warner Brothers" It advised its shareholders to reject the offer "Paramount" For several reasons, including concerns about how to finance the deal.
It was offered "Warner Brothers" Itself for sale last October, after receiving it "several" Offers of interest from potential buyers. On December 5, it announced its agreement to sell its film and live broadcast business to… "Netflix".
It is expected to undergo an acquisition "Netflix" The company must be audited by competition authorities in the United States and Europe.
The new owner of Warner Bros. will have a significant competitive advantage in the highly competitive streaming market, as it will have a huge library of Movies and TV series, including the Harry Potter series, Friends, and streaming service "HBO Max"
This deal sparked criticism from those working in the film industry. The Eastern and Western branches of the Writers Guild of America called for a halt to the deal, arguing that it would lead to lower wages and layoffs.
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