That runs contrary to the narrative put forth in a letter Paramount's attorneys at Quinn Emanuel sent to WBD, stating they suspected the process was biased in favor of Netflix due to WBD leadership's expectations that there could be roles for them at the new company. The filing revealed the presence of a fourth, previously unknown bidder in the process, "Company C," which proposed acquiring WBD's cable channels and 20% of its streaming and studio businesses for $25 billion in cash. The good times are poised to continue: Media and telecoms M&A deal value rose 61% in the past year, excluding the announced WBD sale, and the momentum should keep going in the years ahead, helped by investor appetite for valuable IP, according to PwC.
Author: Lucia Moses
Published at: 2025-12-17 21:53:26
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