Netflix Banks A Quick $2.8 Billion As Paramount Pays WBD Termination Fee; Streamer’s Shares Rise Another 14%
Things in media M&A land continue to move fast with Netflix revealing this afternoon that it is $2.8 billion richer after receiving the fresh cash from Paramount. The David Ellison company’s Superior Proposal for Warner Bros. Discovery, which was accepted by the WBD board, included paying out the termination fee if WBD walked away from […]
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Paramount Pays Out $2.8 Billion Termination Fee to Netflix as Warner Deal Draws Near
The streaming giant disclosed the cancelation of the deal and the fee payment in an SEC filing on Friday.
By Alex Weprin
Read full article →Netflix Banks A Quick $2.8 Billion As Paramount Pays WBD Termination Fee; Streamer’s Shares Rise Another 14%
Things in media M&A land continue to move fast with Netflix revealing this afternoon that it is $2.8 billion richer after receiving the fresh cash from Paramount. The David Ellison company’s Superior Proposal for Warner Bros. Discovery, which was accepted by the WBD board, included paying out the termination fee if WBD walked away from […]
By jillg366
Read full article →Coverage Timeline
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