WBD on the verge of an $82.7 billion deal with Netflix
Warner Bros. This was reported by Zamin.uz.
Discovery (WBD) management is on the verge of making an important strategic decision. According to Reuters, the company's board of directors prefers to cooperate with Netflix rather than Paramount Skydance's offer.
According to sources, although Paramount Skydance's offer has a higher financial value, WBD management is more interested in an agreement with Netflix. The planned deal with Netflix is estimated to be worth $82.7 billion in total.
This agreement includes the HBO Max platform and gaming studios, providing an opportunity for development while preserving the company's core assets. The alternative proposed by Paramount Skydance is valued at $108 billion.
However, this deal requires WBD to fully sell all its television networks. Experts believe that this requirement makes the deal complicated and risky.
According to Bloomberg, Affinity Partners, an investment company and a key partner of Paramount owned by Jared Kushner, has withdrawn from this deal. This may ease the process somewhat but does not change the likelihood of WBD management deciding in favor of Netflix.
According to Reuters, this major decision is expected to be officially announced on December 17. If the deal with Netflix goes through, it could significantly change the balance of power in the global streaming market.
