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Message: [QUOTE="Queen, post: 87603, member: 27"] A $111bn mega-merger is reshaping Hollywood's power map, and Netflix tapping out just handed Paramount Global the keys to Warner Bros. Discovery. Netflix exits the Warner Bros. bidding war [LIST] [*]Netflix pulled back after the revised price stopped making financial sense to its executives. [*]Co-CEOs Ted Sarandos and Greg Peters framed it as a "nice to have" deal, not a must-win situation. [*]Warner Bros. confirmed Netflix declined to push its offer any higher. [*]Staying disciplined through the whole negotiation process was how the streaming giant explained its exit. [/LIST] Paramount's $111bn sweetened offer [LIST] [*]Paramount Global's upgraded bid landed at $31 per share, bumped up from $30. [*]A $7bn payout kicks in if the deal falls apart before closing. [*]Paramount also agreed to cover a $2.8bn break-up fee that had been locked in with Netflix. [*]Shareholders were pitched the proposal as delivering superior value with a faster path to closing. [/LIST] What Paramount gets if the deal clears [LIST] [*]Warner Bros.' film studio, television assets, CNN, and HBO Max all come bundled in the takeover. [*]Tech billionaire Larry Ellison and his son David Ellison are the money and leadership behind Paramount. [*]Warner Bros. has already stamped Paramount's offer as "superior." [*]Hollywood is bracing for restructuring and job cuts if the combined entity gets the green light. [/LIST] Regulatory hurdles still blocking the finish line [LIST] [*]California Attorney General Rob Bonta flat-out said this merger is not a done deal. [*]California's Department of Justice has an active investigation running on the proposed tie-up. [*]Sign-off is still needed from both the US Department of Justice and European regulators. [*]Political influence and media consolidation concerns are swirling loudly around CNN's future. [/LIST] [/QUOTE]

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