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Dec 8 (Reuters) - Paramount Skydance connected Monday launched a hostile bid worthy $108.4 cardinal for Warner Bros Discovery
Netflix had emerged victorious connected Friday from a weeks-long bidding warfare with Paramount and Comcast, securing a $72 cardinal equity woody for Warner Bros Discovery's TV, film studios and streaming assets.
Here's what analysts and marketplace experts are saying astir the latest development:
ADAM SARHAN, CHIEF EXECUTIVE, 50 PARK INVESTMENTS, NEW YORK
"It's bullish for the media. Whoever ends up acquiring those assets volition beryllium the winner. It's 1 institution that's being acquired. This doesn't alteration disrupt the media business. All it is, is consolidating the media business. You person companies that person a batch of cash, similar Paramount and Netflix.
"They person heavy pockets. There could beryllium a bidding warfare here, but the world is whoever walks retired with those assets, it's going to payment the shareholders of that company, assuming they don't overpay."
PAOLO PESCATORE, ANALYST, PP FORESIGHT, LONDON
"This is turning messy precise rapidly and seems similar sour grapes. There were concerns that Paramount Skydance would situation the auction process. For Paramount Skydance, it would person been acold easier and much businesslike to bid appropriately done the auction."
"While a determination has been made, Warner Bros Discovery volition request to see each options. In essence, determination is truthful overmuch much astatine involvement than simply offering a bigger deal. This latest occurrence has the makings of a TV amusement successful its ain right."
"I, similar many, was amazed by the result arsenic Paramount Skydance seemed to beryllium successful rod presumption fixed its involvement successful acquiring the full company. This would person been the acold easiest result for WBD, without the request to abstracted Global Networks later, arsenic is currently the case."
ROSS BENES, SENIOR ANALYST, EMARKETER
"The Warner Bros Discovery acquisition is acold from over. Netflix is successful the driver's spot but determination volition beryllium twists and turns earlier the decorativeness line. Paramount volition entreaty to shareholders, regulators and politicians to try to stymie Netflix. The battle could go prolonged."
CRAIG HUBER, ANALYST, HUBER RESEARCH PARTNERS, CONNECTICUT
"Paramount should beryllium precise cautious taking connected the magnitude of indebtedness they are proposing to money buying Warner Bros. Discovery, successful our opinion, careless of the synergies fixed the semipermanent secular gross unit the bequest businesses look which are not going away. Debt is not your friend with media stocks. Did putting CBS and Viacom unneurotic enactment out?"
(Reporting by Jaspreet Singh, Arnav Mishra, Arpan Varghese successful Bengaluru Editing by Anil D'Silva)
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