There have already been quite a few posts on the topic, but I wanted to make another one particularly including some more details on the deal.
In its revised bid, Paramount raised the termination fee it would pay should the deal fail to gain regulatory approval to $7 billion from $5.8 billion.
Paramount paid the $2.8 billion termination fee that Warner Bros owed Netflix, the streaming giant said in a regulatory filing on Friday.
Additionally not mentioned in this article they apparently will pay 0.25$ per share/quarter starting September 30 2026. If the deal doesn’t close by then.
So they are basically betting almost $10 billion on the deal going through.
Paramount is expected to easily win European Union antitrust approval, with any required divestments likely to be minor, Reuters reported on Friday, citing sources.
Seems like they are extremely confident on the whole matter. I wish it were different, but sadly I am also expecting the EU to not want to oppose such a politically loaded deal.
Wow so netflix walks away from this with 3m in their pocket? Maybe we’ll go a year without a cancelled show.
Yeah, Netflix gets nearly 3 billion as compensation for WBD backing out of the deal (however Paramount pays the fine as part of their offering).
In the best timeline the same happens with the Paramount deal and WBD walks away with 7 billion, but i doubt we get that lucky.