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Paramount Skydance CEO David Ellison is apparently still hopeful that investors will approve his pos:1″>announced Thursday that it's extending its all-cash offer to acquire the storied studio, and giving investors until February 20, 2026 to accept. The company's previous offer expired on January 21, but with a lawsuit in the works and a revised Netflix deal to compete with, Paramount Skydance wants to stay in the conversation.
Outsourcing IT services.david ellison extends
Netflix and Warner Bros. Discovery originally announced their s deal is for a significant portion, but notably not all, of Warner Bros. Discovery as it exists today. If approved, the streaming service would acquire Warner Bros. film studios, New Line Cinema, HBO, HBO Max, the company's theme parks, game studios and select linear channels like TNT, but not the collection of reality TV and news programming that Warner Bros. Discovery calls “Global Networks.”
Paramount Skydance made its competing offer of pos:1″>sued Warner Bros. Discovery in January alleging that the company had not provided adequate information about why it favored Netflix over Paramount. Beyond offering more money, Paramount contends its deal is more likely to be approved by regulators because owning Warner Bros. doesn't "entrench Netflix's market dominance." <a target="_blank" class="link" href="https://s201.q4cdn.com/336605034/files/doc_
Original aticle here: Engadget
