Netflix's $82.7B Warner Bros Bid Sparks DOJ Probe as Paramount Fights Back with Rival Offer

Netflix BioSnap a weekly updated Biography. Netflix has been the talk of Hollywood this week with its blockbuster $82.7 billion bid to swallow Warner Bros Discovery sparking a fierce bidding war and DOJ scrutiny. Fox Business reports Netflix chief global affairs officer Clete Willems dismissed the Justice Departments probe as ordinary course of business on February 9 stressing the deal will boost jobs content and theater releases while slamming rival Paramounts job cuts. Warner Bros board unanimously rejected Paramounts sweetened $30 per share cash offer with ticking fees totaling up to $650 million per Fortune on February 10 but activist investor Ancora blasted the Netflix merger in a presentation today per Morningstar warning of antitrust red flags and pushing Warner to revive talks with Paramount whose bid they say tops Netflixs sliding $21 to $28 per share value. On the content front Netflixlife hails Februarys binge slate including The Lincoln Lawyer season 4 dropping February 5 with Manuel Garcia Rulfo defending himself in a murder plot based on Michael Connellys novel and season 5 already greenlit. Love is Blind season 10 kicks off today with six episodes ahead of Valentines Day followed by batches through March. The Night Agent season 3 lands February 19 with Gabriel Basso back on a solo spy mission sans love interest Lucianne Buchanan and a season 4 renewal looking likely. Bridgerton season 4 part 2 arrives February 26 after part 1 matched Stranger Things 5 viewership with seasons 5 and 6 locked in. Amid the frenzy Jane Fonda decried the Warner sale as a First Amendment threat per Fox Business while Trump quipped any deal should snag CNN. No major public appearances or social buzz noted but this merger saga could redefine streaming for years with shareholder votes eyed by April. Get the best deals https://amzn.to/3ODvOta This content was created in partnership and with the help of Artificial Intelligence AI.