Warner Bros to snub Paramount’s takeover in favour of Netflix Warner Bros Discovery (WBD) is preparing to urge shareholders to reject a $108bn (£81bn) hostile takeover bid from Paramount, after one of its key financial backers pulled out of the deal. Affinity Partners, the investment firm owned by Jared Kushner, said it would no longer support Paramount’s offer, citing a shift in circumstances. “The dynamics [...]
Paramount bags South Park in $1.5bn deal after fierce bidding war Media Paramount has inked a $1.5bn (£1.1bn) deal with South Park creators Trey Parker and Matt Stone, bringing the long-running animated satire exclusively to its streaming platform Paramount+ after a drawn-out bidding war with rivals including HBO Max and Netflix. The five-year agreement grants Paramount+ streaming rights to all 26 previous seasons of the Emmy-winning show [...]