Warner Bros.
Read full article: Afternoon hearing scheduled to address discrepancy in trial of ex-Uvalde CISD officer KSAT will provide extensive coverage of the trial of former Uvalde CISD officer Adrian Gonzales on KSAT 12 and KSAT's digital platforms.
Next photo The Paramount Pictures water tower is seen in Los Angeles, Thursday, Dec. 18, 2025, with the Hollywood sign in the distance. A Netflix sign is displayed atop a building in Los Angeles, Thursday, Dec. 18, 2025, with the Hollywood sign in the distance. This image released by Warner Bros. Pictures shows Leonardo DiCaprio in a scene from"One Battle After Another." This image released by Warner Bros Pictures shows Michael B. Jordan, foreground from left, Michael B. Jordan and Omar Benson Miller in a scene from"Sinners." The Paramount Pictures water tower is seen in Los Angeles, Thursday, Dec. 18, 2025, with the Hollywood sign in the distance. streaming and studio business to Netflix for $72 billionWarner Bros. Discovery said Wednesday that its board determined Paramount’s offer is not in the best interests of the company or its shareholders. It again recommended shareholders support the Netflix deal. “Paramount’s offer continues to provide insufficient value, including terms such as an extraordinary amount of debt financing that create risks to close and lack of protections for our shareholders if a transaction is not completed," Warner Bros. Discovery Chair Samuel Di Piazza Jr. said in a statement."Our binding agreement with Netflix will offer superior value at greater levels of certainty, without the significant risks and costs Paramount’s offer would impose on our shareholders.”from Oracle founder Larry Ellison — who is the father of Paramount CEO David Ellison — to back $40.4 billion in equity financing for the company’s offer. Paramount also increased its promised payout to shareholders to $5.8 billion if the deal is blocked by regulators, matching what Netflix already put on the table. In a letter to shareholders, Warner expressed concerns about a potential deal with Paramount. It said it essentially considers the offer a leveraged buyout, which includes a lot of debt, and that it could take 12 to 18 months to close a deal. The battle for Warner and the value of each offer grows complicated because Netflix and Paramount want different things. Netflix’s proposed acquisition includes only Warner’s studio and streaming business, including its legacy TV and movie production arms and platforms like HBO Max. But Paramount wants the entire company — which, beyond studio and streaming, includes If Netflix is successful, Warner’s news and cable operations would be spun off into their own company, under a. Due to its size and potential impact, it will almost certainly trigger a review by the U.S. Justice Department, which could sue to block the transaction or request changes. Other countries and regulators overseas may also challenge the merger. Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.Attorney Nico LaHood breaks down response to Robb Elementary shooting from client's perspectiveHunt community faces ongoing communication, mail challenges months after catastrophic floodsKerr County flood survivor faces uncertain future in temporary housingSan Antonio Zoo visitors say they still feel safe after Saturday evening stabbingPeople gather in San Antonio to protest US military action in VenezuelaRobb Elementary victims’ families prepare for trial of former Uvalde CISD officerFinancial experts advise tackling holiday debt early as new year beginsHigh-profile court cases set to dominate 2026 in Bexar County, South TexasTenants describe Universal City apartment as ‘uninhabitable,’ say there’s no heat, hot waterSocial Security recipients get a 2.8% cost-of-living boost in 2026, average of $56 per monthBody found at landscaping company during search for missing 19-year-old Camila Mendoza OlmosBexar County sheriff says body found during search for missing teen
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