Netflix Inc. co-Chief Executive Officers Greg Peters and Ted Sarandos tried to reassure employees’ concerns about the company’s bid for much of Warner Bros. Discovery Inc., reiterating that there is no business overlap and therefore won’t be any studio closures.

Netflix Inc. co-Chief Executive Officers Greg Peters and Ted Sarandos tried to reassure employees’ concerns about the company’s bid for much of Warner Bros. Discovery Inc., reiterating that there is no business overlap and therefore won’t be any studio closures.

Even if Paramount Skydance Corp. manages to take over Warner Bros. Discovery Inc. against the company’s will, it faces another high hurdle: coping with the colossal $54 billion of debt it’s planning to take on.

Hollywood has a rich history of personal vendettas, political discord and uncertain loyalties shaping the industry.

A trio of Middle Eastern funds have agreed to stump up $24 billion to help bankroll Paramount Skydance Corp.’s bid for Warner Bros. Discovery Inc. The region’s exposure to the deal is likely larger, once its deep ties to private equity firms behind the bid are factored in.

The battle for Warner Bros. Discovery Inc. has already lit a fire in Hollywood, with unions decrying the potential job losses, theaters sounding an alarm about the future of film releases and actors worrying about free speech.

Paramount Skydance Corp. released a letter to Warner Bros. Discovery Inc. investors Wednesday asking them to support its tender offer for the entertainment company’s shares and not the rival Netflix Inc. merger.

Mr. Miller, one of President Trump’s top advisers, sold shares in the mining company MP Materials following a lucrative deal between the company and the government.

© Doug Mills/The New York Times

Money manager Mario Gabelli said it’s “highly likely” he will tender his clients’ Warner Bros. Discovery Inc. shares to Paramount Skydance Corp. in an effort to spark a bidding war for the film and TV company.

Paramount Skydance Corp. launched a hostile takeover bid for Warner Bros. Discovery Inc. at $30 a share in cash, just days after the company agreed to a deal with Netflix Inc. The offer values Warner Bros. at $108.4 billion, including debt. The bid compares with Netflix’s offer of $27.75 in cash and stock, for an enterprise value of about $82.7 billion including debt. Paramount’s offer is for all of Warner Bros., while Netflix is interested only in the Hollywood studios, HBO and the streaming business. Laura Martin Senior Analyst at Needham & Company joined Bloomberg Intelligence to discuss future of the Warner Brothers deal with Netflix and the hostile bid from Paramount. (Source: Bloomberg)

President Trump’s comments deepened his rift with mainstream European leaders over defense and Ukraine policy.

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Just hours before Paramount Skydance Corp. Chief Executive Officer David Ellison launched a hostile bid for Warner Bros. Discovery Inc., he hobnobbed in Washington with some of the federal government’s heaviest hitters.

Paramount Skydance Corp. is relying on Centerview Partners and RedBird Advisors for lead financial advice in its hostile takeover bid for Warner Bros. Discovery Inc.

Paramount Skydance Corp. is relying on Centerview Partners and RedBird Advisors for lead financial advice in its hostile takeover bid for Warner Bros. Discovery Inc.

Who ends up with the assets of Warner Bros. Discovery Inc., the owner of one of Hollywood’s largest and most venerable film studios, is likely to impact the entertainment industry for decades to come. On Dec. 5, the company announced that Netflix Inc., the world’s dominant streaming platform, had agreed to purchase its streaming and studio assets in a $82.7 billion deal, including debt. Three days later, Paramount Skydance Corp. launched a hostile takeover bid for all of Warner Bros. The offer v

Netflix Inc. investors were already skeptical about its $72 billion deal for Warner Bros. Discovery Inc. Now the threat of having to pay even more and potentially face a protracted regulatory fight is making matters worse.

Paramount Skydance Corp.’s hostile bid for Warner Bros. Discovery Inc. is being bankrolled by a list of influential Middle Eastern investors, including Saudi Arabia’s Public Investment Fund and the Qatar Investment Authority. Joining them is an Abu Dhabi group that few even in the region have heard of: L’imad Holding Co.

Paramount Skydance Corp. has lined up as much as $54 billion of financing from Wall Street’s biggest firms to help support its planned acquisition of Warner Bros. Discovery Inc., just days after the company agreed to a deal with Netflix Inc. Blomberg's Stephen Flynn joins Paul Sweeney and Scarlet Fu to discuss on Bloomberg Intelligence. (Source: Bloomberg)

Paramount Skydance Corp. and Netflix Inc. are battling for control of Warner Bros. Discovery Inc., one of Hollywood’s most iconic film and entertainment companies. While Warner Bros.’ board has accepted Netflix’s bid, Paramount is taking its offer directly to shareholders. Here’s how the two proposals compare.

In the space of less than a week, the bidding war for Warner Bros. Discovery Inc. has unleashed two multi-billion debt deals that rank among the largest in the past decade.