Netflix drops bid for Warner Bros. Discovery, paving way for Paramount Skydance
Streaming giant Netflix declined to match Paramount Skydance's $31 per share offer for Warner Bros. Discovery.
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Streaming giant Netflix declined to match Paramount Skydance's $31 per share offer for Warner Bros. Discovery.
Netflix announced it is dropping its bid for Warner Bros. Discovery, which paves the way for Paramount Skydance, the parent company of CBS News, to acquire it instead. The merger would require approval from Warner Bros. shareholders and federal regulators.
Netflix has ended its bid for Warner Bros. Discovery and is clearing the way for a Paramount acquisition. CBS News' Jo Ling Kent reports.
Warner Bros. Discovery said it will engage with Paramount Skydance to assess if its latest offer is superior to Netflix's $83 billion bid.
There are new developments in the major media merger battle over Warner Bros Discovery. In December, Warner Bros agreed to a $83 billion deal with Netflix - rejecting a $108 billion bid from Paramount Skydance. But on Tuesday, Netflix agreed to give Warner Bros. one week to reopen negotiations with Paramount.
"The Late Show" host Stephen Colbert criticized CBS on Monday night, saying the network blocked his interview with U.S. Senate hopeful James Talarico from airing.
Warner Bros. Discovery said that Paramount Skydance is considering enhancing its buyout offer for the entertainment company.
The 2026 Grammy Awards will take place on Sunday, Feb. 1, on CBS and Paramount+. People's Jack Irvin joined CBS News with more on what to expect.
The streaming service is sweetening its offer amid Paramount Skydance's hostile takeover bid for the Hollywood studio.
Subscriptions for streaming services saw a nearly 20% jump in prices between November and December, new data from the Labor Department shows. That includes streaming services like Netflix, Disney Plus and Paramount Plus. Alex Weprin, a senior editor for the Holywood Reporter who's written about the rising prices, joins CBS News to discuss. Paramount Skydance is the parent company of CBS News.
Warner Bros. Discovery's board again urged shareholders to reject Paramount Skydance's offer, calling it inferior to Netflix's bid
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The exit came a week after Paramount Skydance made its $108.4 billion all-cash offer to Warner Bros. Discovery.
Netflix co-CEOs Greg Peters and Ted Sarandos sought in a letter to tamp down concerns that the streaming giant is not committed to the movie business.
Paramount Skydance has announced a hostile takeover bid for Warner Bros. Discovery after Netflix reached a deal last week to buy part of the company. The Paramount Skydance offer to purchase the entire company was presented directly to Warner Bros. shareholders. CBS News MoneyWatch correspondent Kelly O'Grady explains.
Paramount Skydance's $30 per share offer comes just days after Netflix agreed to buy parts of Warner Bros. in a deal valued at nearly $83 billion.
Paramount Skydance made a $108.4 billion hostile takeover offer for all of Warner Bros. Discovery, with its all-cash bid coming just three days after Netflix agreed to buy a part of Warner Bros. in a deal valued at $82.7 billion. Jo Ling Kent has details.
Paramount Skydance, the parent company of CBS News, has launched a $108 billion hostile bid for Warner Bros. Discovery just days after WBD said it had agreed to a nearly $83 billion deal with Netflix. Fortune business editor Nick Lichtenberg joins with analysis.
Paramount Skydance, the parent company of CBS News, has launched a hostile takeover offer to acquire all of Warner Bros. Discovery, days after it was announced Netflix agreed to buy a part of Warner Bros. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
Netflix says it is buying studio giant Warner Bros. in a deal valued at more than $82 billion. Fortune business editor Nick Lichtenberg joins CBS News to break down the hurdles facing the merger.
Lee Pace is starring in the new thriller, "The Running Man," which is based on a Stephen King novel. It takes place in a society in the near future where contestants participate in a reality game show and are hunted by professional assassins. Pace speaks to "CBS Mornings" about playing Evan McCone, the masked chief hunter in the group of assassins, and what inspires his love for acting.
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At a Miami-area news conference President Trump said he expects the war in Iran to end "very soon," but also called it "the beginning of building a new country."
The Federal Aviation Administration has grounded all JetBlue flights due to a request from the airline, the agency said in a notice Tuesday.
Jurors in Manhattan federal court reached a verdict Monday after weeks of testimony in the sex trafficking trial of brothers Tal, Oren and Alon Alexander.
President Trump told CBS News the U.S. war with Iran is "very complete," and said the U.S. "could do a lot" about the Strait of Hormuz.
Secretary of State Marco Rubio formally designated Afghanistan as a state sponsor of wrongful detention, paving the way for the Trump administration to impose penalties such as sanctions and export controls.
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Jurors in Manhattan federal court reached a verdict Monday after weeks of testimony in the sex trafficking trial of brothers Tal, Oren and Alon Alexander.
At a Miami-area news conference Monday, President Trump said he expects the war in Iran to end "very soon," but also called it "the beginning of building a new country."
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Rep. Kevin Kiley of California said Monday he was immediately leaving the Republican Party to become an independent.
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The Federal Aviation Administration has grounded all JetBlue flights due to a request from the airline, the agency said in a notice Tuesday.
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Anthropic sued the Defense Department and other federal agencies on Monday over the government's move to designate it a risk to the supply chain.
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Secretary of State Marco Rubio formally designated Afghanistan as a state sponsor of wrongful detention, paving the way for the Trump administration to impose penalties such as sanctions and export controls.
A judge ruled last summer that President Trump's former lawyer Alina Habba was illegally serving as top New Jersey's federal prosecutor. On Monday, Habba's replacements were also disqualified.
At a Miami-area news conference Monday, President Trump said he expects the war in Iran to end "very soon," but also called it "the beginning of building a new country."
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Secretary of State Marco Rubio formally designated Afghanistan as a state sponsor of wrongful detention, paving the way for the Trump administration to impose penalties such as sanctions and export controls.
President Trump told CBS News the U.S. war with Iran is "very complete," and said the U.S. "could do a lot" about the Strait of Hormuz.
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