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How city leaders are pushing for change Read full article: SAPD and BCSO respond to 7 domestic violence calls hourly. How city leaders are pushing for changeThe Warner Bros. water tower is seen at Warner Bros. Studios in Burbank, Calif., Friday, Dec. 5, 2025. – Warner Bros. Discovery's friendly agreement to sell itself to Netflix just got upended by a hostile actor -- Paramount, which made Warner shareholdersThe competing offers set the stage for combining some of the most beloved entertainment properties. Netflix’s vast library includeswhile the much smaller Paramount owns its Hollywood studio and major TV networks like CBS and MTV. Both covet Warner, which owns Warner Bros. Pictures, HBO and the Harry Potter franchise. "Whichever media company, if any, ultimately secures , controls the calculus of the streaming wars and so much more,” said Mike Proulx, vice president and research director at research firm Forrester.Paramount said Monday it had submitted six proposals to Warner over a 12 week period before its offer was rejected in favor of Netflix. So Paramount decided to go straight to Warner shareholders with a bid worth about $74.4 billion, or $30 per share in cash. Paramount, unlike Netflix, is also offering to buy the cable assets of Warner, and asking shareholders of the company to reject the Netflix bid. Paramount CEO Larry Ellison said the offer is worth about $18 billion more in cash than the competing cash-and-stock bid from Netflix. The Paramount deal includes help from investors such as Trump’s son-in-law Jared Kushner and funds controlled by the governments of Saudi Arabia and Qatar, according to a regulatory filing. Netflix is offering a combination of cash and stock valued at $27.75 per Warner share. Its offer values Warner at $72 billion, excluding debt, but it is not bidding on Warner-owned networks such as CNN and Discovery. Before Paramount's bid, the Netflix deal was expected to close in the next 12 to 18 months, after Warner completes its previously announcedMatthew Dolgin, senior equity analyst at research firm Morningstar, said there are still many unknowns, including whether Netflix will now sweeten its bid.“With Paramount now also being involved formally with an offer to shareholders, it’s even more likely to us that Warner gets acquired, because it’s no longer a single decision that may or may not hinge on regulatory approval,” he said.The Republican president said he will be involved in the decision about whether the federal government should approve the deal.On the Netflix offer, state or federal regulators could be most concerned about the massive size of a combined Netflix and Warner subscription service, said Morningstar's Dolgin. Netflix is already the world’s largest streaming service. That's less of a concern with the Paramount deal, because its streaming service is smaller and has less of an international footprint than Netflix. But regulators may raise red flags over the combination of the Paramount and Warner film and television studios, because relatively few of those remain, Dolgin said.in 2022 when U.S. telecom giant AT&T Inc. spun off and then combined its WarnerMedia operations with Discovery Inc.“Technology always faces this pattern of startups, lots of different players, legacy companies getting in on the action, and then ultimately lots of consolidation,” said Forrester's Proulx. “And this is the state that we’re in right now in the streaming wars saga, and in 2026 we’ll see continued consolidation.” Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.Would you pay to park at La Cantera?President Trump weighs in on Netflix-Warner Bros. dealSarah Acosta catches up with runners at inaugural San Antonio MarathonHuman remains found on east Bexar County property, sheriff saysPolice: Suicide note, self-harm behavior uncovered amid investigation of Texas A&M student’s deathCheck out these space heater safety tipsHave a child on social media? Here is how to monitor what they are up to‘I wouldn’t have left you’: Good Samaritan left critically injured after Universal City hit-and-runCastle Hills nursing home resident spreads warmth with handmade hats for San Antonio’s communityBody cam captures LOPD officer making false claims about business owner months before owner’s arrestDo police have to wait 24 hours to declare an adult missing?
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