Paramount launches hostile bid for Warner Bros
44 points
1 hour ago
| 8 comments
| cnbc.com
| HN
indigodaddy
32 minutes ago
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Does WB have to pay the breakup fee to Netflix if a Paramount hostile takeover succeeds?
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JumpCrisscross
11 minutes ago
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It looks like it. $2.8bn by Warner Brothers to Netflix [1].

If the vote looks close, Paramount would be expected to raise their bid to cover that cost.

[1] https://www.sec.gov/Archives/edgar/data/1065280/000119312525... 8.3(a)

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ZeroCool2u
16 minutes ago
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Yeah, the reverse breakup fee is ~2.6B I believe, but the Paramount takeover doesn't have to succeed for that fee to kick in. WB just has to back out.
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mcoliver
13 minutes ago
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Warner breakup fee is different. 2.8 billion.
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walthamstow
56 minutes ago
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> [Paramount say Netflix deal] would lead to “a challenging regulatory approval process.”

"Only we have sufficiently greased the current government to get this deal done"

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michaelbuckbee
19 seconds ago
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(not a joke) I wonder to what extent the ability to produce a Rush Hour 4 will effect the deal.

https://www.cnbc.com/2025/11/25/trump-pushed-paramount-reviv...

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JumpCrisscross
8 minutes ago
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They’re both at least trying to play [1].

The wild move for Ellison would be to bid for one of Trump’s crypto projects if the shareholder vote looks like it could fail.

[1] https://news.bloomberglaw.com/litigation/netflixs-sarandos-w...

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CSMastermind
17 minutes ago
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I must be thte only one who like Paramount+

Honestly would rather have the Warner Bros content over there than on Netflix.

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noahbp
10 minutes ago
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The Paramount+ user interface on my Samsung TV is horrendous.

It frequently crashes after displaying ads, forcing me to re-open the app and watch ads again.

When watching ads does succeed (all 3 minutes of them…) and playback of my show begins, it shows the enormous pause button, the giant fade-to-black bars at the top and bottom of the screen, and covers up the subtitles, as though I had pressed ‘Play’.

And trying to pause requires you to press the pause button TWICE.

I tried to play a series, but instead of starting from the last-played episode + 1, it always plays the most recent episode since it’s a rewatch. This happened every time until I got caught up.

So I strongly disagree. If only to be able to watch all of this content without all of frustrating design flaws.

EDIT: They also end each episode with 2-3 minutes of ads. So you had to exit the show, then re-enter to not get hit with two ad breaks in a row.

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mingus88
5 minutes ago
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IMO no 3rd party app is worth using on those devices.

My parents pay over $300/mo for an Xfinity bundle. It includes everything (phone, internet, and all streaming services on one bill)

The paramount+ app on the Xfinity box took TEN MINUTES to load a show. This is after crashing three times back to the logo.

Xfinity warns that it’s a 3P app and they aren’t responsible for it but it should be criminal to take the money and subject elderly people to this under spec hardware. Even live sports will pause and stutter.

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coldpie
13 minutes ago
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Eh, I liked it, but canceled my service after they made a bribe to the current president to approve one of their acquisitions. I like Star Trek plenty, but it's not worth supporting that kind of business.
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unstatusthequo
26 minutes ago
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I can’t even use Paramount+ at home. Have network wide ad and tracking filters on (simple NextDNS presets, nothing crazy), and while others work, Paramount+ doesn’t. Makes me wonder what they are doing to get blocked. Kind of wish neither were getting WB.
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ssimpson
19 minutes ago
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I've had the same issue and go so far as to remove the streaming stuff from my Pihole to make sure it wasn't a DNS filtering issue. Paramount+ app still is sketchy as hell sometimes. Usually won't work on my AppleTV, but works on phones and stuff.
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zamadatix
25 minutes ago
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Most likely as simple as "they use the same servers for content and ads/tracking so you can't block just one part as easily".
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JumpCrisscross
25 minutes ago
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Paramount bids $30 all cash for all of Warner Brothers Discovery. Netflix bids $27.75 “for Warner’s studio and HBO Max streaming business” only [1]. (“$23.25 in cash and $4.50 in shares” [2].)

The latter leaves behind “sports and news television brands around the world including CNN, TNT Sports in the U.S., and Discovery, top free-to-air channels across Europe, and digital products such as the profitable Discovery+ streaming service and Bleacher Report (B/R)” [3]. (Paramount is effectively bidding $5.9bn for these assets.)

Note that Zaslav, Warner’s CEO, is a prominent donor to Democrats [4], as is Reed Hastings, Netflix’s co-founder [5]. (Ted Sarandos, Netflix’s co-CEO with Greg Peters, is mixed, leaning Dem [6]. No clue on the latter.) Ellison is a staunch Trump ally. The partisan tinge will be difficult to ignore.

[1] https://www.wsj.com/business/media/paramount-makes-hostile-t...

[2] https://about.netflix.com/en/news/netflix-to-acquire-warner-...

[3] https://www.wbd.com/news/warner-bros-discovery-separate-two-...

[4] https://www.opensecrets.org/donor-lookup/results?name=david+...

[5] https://www.nytimes.com/2024/07/03/us/politics/reed-hastings...

[6] https://www.opensecrets.org/donor-lookup/results?name=Ted+Sa...

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mistercheph
1 hour ago
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josefritzishere
35 minutes ago
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For a large enough "donation" the current administration will approve any merger.
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magicalhippo
1 hour ago
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I brought popcorn, who are we rooting for?
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Larrikin
1 hour ago
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The best outcome would be for all of the bids to fail, all the streaming services would bleed money due to people sick of the siloing, and for there to be multiple streaming services competing on experience because they all have access to the same catalog.

The second best outcome would be the cartoon villain Larry not getting what he wants.

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nubinetwork
47 minutes ago
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I honestly don't think cbs paramount would be any better, if anything, wb content would be further paywalled and tiered off
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Spivak
16 minutes ago
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Which is why the model that would actually be good for consumers and the model that absolutely no content producer wants which is splitting content creation from distribution isn't going to happen. Let a bunch of companies compete over being the best streaming platform and then let those companies all compete for licensing deals for content.

I think a big copyright holders in a strange way actually don't want a repeat of cable. They want all content to be exclusive by default to their own streaming service.

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aomix
30 minutes ago
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I want Netflix to lose. After living with their binge release schedule for however long now I think we're all worse off for it. So I want less of the industry to use it.
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figmert
21 minutes ago
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You are not forced to buy their product, or to buy into their schedule.
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kgwxd
6 minutes ago
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I'm never paying any of them, anything, ever again, but I'm sure we'll all get a little fucked somehow. I do hope it triggers more in-fighting amongst the scum of the earth.
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whateveracct
17 minutes ago
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definitely not Ellison Jr lol
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