Netflix co-CEOs Ted Sarandos and Greg Peters are standing by the company’s plan to acquire Warner Bros. and HBO Max, even as Paramount Skydance launches a hostile bid.
In a memo to staff shared via the SEC and Netflix’s internal Take 5 blog, the executives expressed confidence that the $82.7 billion deal will survive the challenge and gain regulatory approval.
Netflix announced the Warner Bros. acquisition on December 5. Shortly after, Paramount Skydance made an unsolicited $108.4 billion offer directly to shareholders, attempting to outbid Netflix.
Responding to the move, Sarandos and Peters told employees, “It was entirely expected. But, we have a solid deal in place. It’s great for our shareholders,…
‘ The preceding article may include information circulated by third parties ’
‘ Some details of this article were extracted from the following source www.imdb.com ’
ADVERTISEMENT
