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Paramount launches hostile bid for Warner Bros

(www.cnbc.com)
366 points gniting | 1 comments | 08 Dec 25 14:16 UTC | HN request time: 0s | source

Previously: Netflix to Acquire Warner Bros - https://news.ycombinator.com/item?id=46160315 (1333 comments)
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indigodaddy ◴[08 Dec 25 15:17 UTC] No.46193176[source]▶
Does WB have to pay the breakup fee to Netflix if a Paramount hostile takeover succeeds?
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ZeroCool2u ◴[08 Dec 25 15:32 UTC] No.46193410[source]▶
Yeah, the reverse breakup fee is ~2.6B I believe, but the Paramount takeover doesn't have to succeed for that fee to kick in. WB just has to back out.
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indigodaddy ◴[08 Dec 25 16:58 UTC] No.46194676[source]▶
Right, but if it does succeed, does it then kick in?
replies(1): >>46200393 #
1. semiquaver ◴[09 Dec 25 01:54 UTC] No.46200393[source]▶
Yes