Paramount submits ‘100% cash’ bid for WBD backed by Middle Eastern sovereign wealth funds
Netflix has also reportedly submitted a "mostly cash" bid.
Netflix has also reportedly submitted a "mostly cash" bid.
"These changes will fuel continued reinvestment in the user experience and deliver an even stronger slate of programming for our customers in the year ahead and beyond."
The company laid out several potential paths forward, citing "multiple parties" have conveyed interest in a purchase.
The cuts will impact between 2,000 and 3,000 employees in the U.S.
The news would seemingly make Warner Bros. Discovery's plans to split the company in two more likely.
"This media merger must be blocked as a dangerous concentration of power."
The deal would include TNT Sports.
The deal had been in regulatory limbo for months amid a lawsuit by the Trump administration.
"When they make that deal, I think (David) Ellison and Co., they want to spend."