DOJ approves Paramount’s $111 billion acquisition of Warner Bros.
"The Paramount-Warner Bros. deal has reeked of corruption and influence-peddling. This fight isn’t over."
"The Paramount-Warner Bros. deal has reeked of corruption and influence-peddling. This fight isn’t over."
Paramount claims Netflix is attempting to "poison regulators and other stakeholders" to torpedo the deal.
Paramount is targeting a combination of operations by the third quarter of 2026.
"I think the UFC is an asset that, if managed correctly by both TKO and its distributor, could have an unusually bright future."
Paramount needs a $24 billion overseas investment to help fund its purchase of WBD and Democratic senators are calling foul.
Expect more football-centric films with NFL IP coming down the pike.
Shareholders symbolically rejected Zaslav's potential $550 million payday.
"There is no way Paramount is going to make their money back on UFC."
The company is informing employees to prepare for the deal to close as soon as the end of July.
CBS Sports president David Berson "is seen as the odds-on favorite to run the combined division."
According to CNBC's Alex Sherman, the two sides are negotiating a price increase with a bid-ask spread midpoint around 50 to 60 percent over CBS's current $2.1 billion annual fee.
The audience marks a significant boost from UFC's previous linear numbers on ESPN.
Shell was reportedly under investigation at Paramount after the plaintiff alleged that Shell had leaked sensitive information.
"For what it would cost you for one pay-per-view, you can watch everything UFC for the year."
"I can't wait to meet David Ellison and talk about those things."
All signs point to Paramount Skydance and CBS Sports as the first dance partners on the floor.
What I can tell you is we do plan to continue our relationship [with the NFL] and I do believe we have planned accordingly there."
The company believes it can capitalize on the scale and "operational efficiencies" of combining cable assets.
The company says it has "flexibility" in its deal.
The new streamer will hold CBS Sports and TNT Sports properties on one platform.
"We knew right away, when we got the notice on Thursday, that they had a superior offer and the details of that deal."
Netflix now has four business days to submit a better offer.