Warner Bros. Discovery (WBD) management is on the verge of making a strategic decision. According to Reuters sources, the company's board of directors considers a partnership with Netflix to be more favorable than the offer from Paramount Skydance.
Sources emphasized that although the Paramount Skydance proposal appears financially larger, there is a much stronger desire within WBD to reach a deal with Netflix. The proposed deal with Netflix is valued at $82.7 billion and includes HBO Max as well as gaming studios. This would allow WBD to maintain its core assets and provide opportunities for future development.
The alternative proposal from Paramount Skydance is valued at $108 billion. However, this deal requires WBD to sell all of its television networks entirely. Experts believe this particular condition makes the agreement significantly more complex and risky.
Additional information shared by Bloomberg indicated that one of Paramount's key partners, Affinity Partners, an investment firm owned by Jared Kushner, has withdrawn from the deal. While this may simplify the regulatory processes, it is unlikely to shift WBD's preference towards Netflix.
According to Reuters sources, this crucial decision for the large media market may be officially announced on December 17. If the agreement with Netflix is confirmed, it could further reshape the balance of power in the global streaming market.
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