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Paramount acquires Warner after paying $2.8 billion termination fee to Netflix

The Wall Street Journal +1 ·

WBD Warner Bros. Discovery Inc
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SKYD SKYD -6.72% NFLX +1.47%
  1. 1Paramount paid a $2.8 billion termination fee to Netflix.
  2. 2Netflix waived the $82.7 billion value of the Warner Bros. deal.
  3. 3Paramount completed a $110 billion acquisition and renamed itself Skydance Corporation.

So what's the key point?

Paramount acquired Warner by paying Netflix $2.8 billion. In this process, Netflix gave up the value of the Warner Bros. deal.

Source The Wall Street Journal +1 · View original ↗

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