派拉蒙加价，奈飞“不跟”，华纳兄弟收购案“尘埃落定”_老虎社区_美港股上老虎

派拉蒙加价，奈飞“不跟”，华纳兄弟收购案“尘埃落定”

华尔街见闻02-27

派拉蒙天空之舞公司(Paramount Skydance)在竞购华纳兄弟探索公司的争夺战中胜出，Netflix宣布退出竞购，好莱坞将迎来新一轮整合浪潮。2月26日周四，Netflix联合CEO Ted Sarandos和Greg Peters发表声明，表示在华纳董事会认定派拉蒙每股31美元的全面收购要约优于Netflix方案后，公司拒绝跟进报价。Ted Sarandos和Greg Peters在...

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Zaslav则表示，一旦董事会投票通过与派拉蒙的合并协议，\"将为股东创造巨大价值\"。此次交易若获监管批准，派拉蒙将以约810亿美元整合华纳兄弟探索，坐拥HBO、CNN、CBS新闻、华纳兄弟影业及哈利波特、超人等顶级IP资产，成为足以与迪士尼抗衡的娱乐巨头。派拉蒙逆转：从屡遭拒绝到最终胜出对派拉蒙而言，此次收购堪称逆转。过去一年，派拉蒙多次主动出价均遭华纳拒绝，华纳随后开启正式出售流程，Netflix去年12月以每股27.75美元、总价720亿美元的方案签署协议，成为领先买家。派拉蒙随后发起敌意收购，绕过管理层直接向股东提出每股30美元的全面收购要约，并将华纳旗下有线电视网络一并纳入，而这部分资产恰恰是Netflix不感兴趣的。本周早些时候，派拉蒙将报价提高至每股31美元，并在关键条款上作出让步。派拉蒙将若交易因监管原因失败须支付的终止费提升至70亿美元；承诺代华纳支付对Netflix的28亿美元分手费；并将每季度每股25美分的\"计时费\"启动时间从明年1月提前至今年9月30日之后。去年八月，埃里森旗下的天空之舞传媒收购了派拉蒙影业后，收购华纳兄弟就成了他的首要任务。派拉蒙此前被认为规模太小，无法与迪士尼、奈飞和亚马逊等财力雄厚的巨头竞争。监管审查：CNN归属引发媒体集中度忧虑尽管派拉蒙最终胜出，交易仍须经过联邦监管机构的严格审查。派拉蒙的流媒体业务规模远小于Netflix，但此次合并将把两家传统电影和电视制片厂整合至同一屋檐下，同时覆盖CNN、TNT、TBS、Food Network等多个有线电视频道。媒体监管层面，CNN归属问题尤为敏感。交易完成后，Ellison将同时掌控CBS新闻与CNN。媒体倡导组织Free Press联合CEO Craig Aaron表示：允许派拉蒙控制CBS和CNN的想法是不可想象的。Craig Aaron补充说，新东家向特朗普总统承诺，如果给他们机会，他们将“对CNN进行彻底的改革，我们知道这意味着什么”。CNN总裁Mark 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