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business1d ago
Paramount outlines plans for Warner Bros. cuts
- Paramount Skydance detailed plans to save about $6 billion if the Warner Bros. bid closes.
- Savings would come from duplicative operations across back office, finance, corporate, legal, tech and real estate.
- Paramount seeks to grow output while keeping Warner Bros. stand-alone studios intact.
- Analysts note the deal would involve roughly $94.65 billion in debt and equity if Paramount wins.
- Warner Bros. Discovery’s board has backed Netflix’s deal, complicating Paramount’s bid.
- Paramount extended the tender offer deadline to February 20 to win Warner shareholders’ support.
- Paramount argues the merger would strengthen Hollywood and protect jobs.
- The deal would span Warner’s film and TV assets with Paramount’s distribution footprint and real estate.
- Paramount’s bid competed with Netflix’s offer and faced regulatory hurdles.
- Paramount’s plan emphasizes keeping film and television operations intact.
- The negotiations include a potential real estate consolidation to centralize teams.
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