Avalanche Software
Avalanche Software business and news from across the web.
Latest coverage
The Warner Bros. acquisition: a timeline of events so far
Warner Bros. Discovery (WBD) has been the subject of a bidding war between Paramount Skydance (PSKY) and Netflix, with PSKY ultimately acquiring the company for $31 per share in an all-cash deal. The acquisition process involved multiple revised offers, legal challenges, and negotiations, with WBD's board eventually deeming PSKY's proposal superior to Netflix's. The deal includes WBD's film studio, streaming businesses, and games division, but excludes its Global Networks.
Netflix's $82.7 billion deal to buy Warner has been dramatically gazumped by Paramount, to the tune of $111 billion
Paramount Skydance has submitted a $111 billion bid to acquire Warner Bros Discovery, significantly outbidding Netflix's previous $82.7 billion proposal. The deal, which includes Warner's gaming studios like Rocksteady and Avalanche, is facing regulatory scrutiny. The impact on Warner's gaming division remains uncertain.
