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In the world of high-stakes M&A, the Wall Street bankers who worked on the monster Warner Bros. Discovery deal seem to have inherited the Midas touch.On Thursday, a transaction that proved to be one of the most expensive corporate dramas in Hollywood history started to come to a close. The…
2026-02-27T22:20:32.536Z Share Copy link Email Facebook WhatsApp X LinkedIn Bluesky Threads lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log…
Update: Shortly after this story was published, Netflix announced that it would not raise its bid for WBD.Paramount Skydance may finally have the upper hand on Netflix in the bidding war for Warner Bros. Discovery.The WBD board announced on Thursday afternoon that it believes Paramount’s improved offer to buy the…
Netflix just said it wouldn’t raise its bid for Warner Bros.The decision comes two days after Paramount increased its offer from a hostile $30-per-share bid to $31 per share for all of Warner Bros. Discovery, including its cable networks like CNN and HGTV.”The transaction we negotiated would have created shareholder…
David Ellison’s first eight offers to buy all of Warner Bros. Discovery were rejected. Now, the Paramount Skydance CEO is betting that the ninth try’s the charm.Paramount just adjusted its all-cash offer for all of WBD, though it didn’t raise its topline bid from $30 per share. WBD turned down…
The first accuser to testify in the sex-trafficking trial of ex-luxury real estate brokers Tal and Oren Alexander and their brother deftly rebuffed questions involving actor Zac Efron and her own blurry memory on Wednesday.The woman, testifying under the pseudonym “Katie Moore,” was an early and key government witness in…
