WBD's David Zaslav Wishes Netflix Well, “Can't Wait” To Start Working With Paramount

Core Viewpoint - Warner Bros. Discovery (WBD) has decided to move on from a potential deal with Netflix, expressing goodwill towards the streaming giant while focusing on a merger with Paramount [1][2]. Group 1: Company Statements - WBD CEO David Zaslav praised Netflix and its leadership, expressing excitement about the potential merger with Paramount Skydance, which is expected to create significant value for shareholders [2]. - Samuel A. Di Piazza, Jr., chair of the WBD board, highlighted the thorough process leading to the merger discussions, emphasizing the anticipated excitement for audiences [3]. Group 2: Deal Details - WBD had previously agreed to sell its streaming and studio assets for $27.75 per share in cash, but after receiving a superior offer from David Ellison, discussions shifted towards a merger with Paramount [4]. - Netflix was given four business days to match the offer but chose to withdraw from the negotiations instead [4].