Paramount Just Nuked Netflix’s $72B Warner Bros. Deal — Is This Corporate Warfare or Desperation?

派拉蒙一记猛击打乱网飞720亿美元华纳兄弟交易——这是商业战争还是垂死挣扎？

www.cnbc.com

So Paramount, after losing to Netflix in the open bidding war, responded by launching a hostile takeover bid? That's not just aggressive — it’s like showing up late to the party, punching the host, and saying, 'Actually, I’m moving in.'

所以派拉蒙在竞标战中输给网飞后，居然转头发起了一项敌意收购？这不只是激进，简直就像晚到派对后打了主人一拳，还说‘其实我要住这儿了’。

They’re offering $30/share in cash — the same price WBD already rejected — and somehow think shareholders will suddenly say yes. Meanwhile, Netflix’s $72B deal is already under antitrust scrutiny, and Trump’s team is side-eyeing the whole thing. Who’s the real puppet here?

他们提出的每股30美元全现金报价，正是华纳兄弟之前已经拒绝的价位，居然还指望股东们突然点头同意。与此同时，网飞720亿美元的交易已面临反垄断审查，特朗普团队还在一旁冷眼旁观。谁才是真正的操盘手？

DealLawyer48 (并购律师48号)

Hostile bids are rare in media. The real play here isn’t the $30/share — it’s leverage. Paramount is using this bid to pressure WBD into renegotiating with Netflix or even reopening talks. Classic M&A chess move.

在媒体行业，敌意收购极为罕见。真正目的不是每股30美元，而是施加压力。派拉蒙此举是在逼华纳兄弟要么与网飞重新谈判，要么重启合作对话。典型的并购博弈策略。

StreamingStan (流媒体狂热粉)

Netflix buying WB’s studio? That means new DC movies and Friends reruns on one platform. Sign me up.

网飞收购华纳兄弟制片厂？这意味着新的DC电影和《老友记》重播能在同一个平台看到。我立马订阅。

Regulatory Watchdog (监管观察员)

Let’s be real — the government will never allow Netflix and WB Discovery to merge. Combine HBO, Max, and Netflix? That’s 70% of premium streaming content under one roof. This screams monopoly.

现实点吧——政府绝不会允许网飞与华纳兄弟探索合并。把HBO、Max和网飞合在一起？70%的高端流媒体内容集中于一家之手，这简直就是垄断。 

Ellison Family Insider (艾里森家族内部人士)

David Ellison isn’t desperate. His family’s $54B debt backing shows this is a calculated power play. They’ve wanted control of WB since 2019. This isn’t a last resort — it’s Plan A, activated.

大卫·艾里森并不绝望。其家族提供540亿美元债务支持，表明这是深思熟虑的权力行动。他们从2019年起就觊觎华纳兄弟的控制权。这不是最后手段，而是计划A的正式启动。

Econ Professor (经济学教授)

The breakup fees tell the real story: Netflix pays $5.8B if blocked, WBD pays $2.8B if they walk. That means Netflix is way more committed. This bid might just be a PR stunt to boost Paramount’s stock.

分手费才讲出了真相：若交易被拒，网飞需支付58亿美元；若华纳兄弟毁约，则仅赔28亿。这意味着网飞的承诺程度高得多。派拉蒙此举或许只是炒作股价的公关手段。

CNN Loyalist (CNN铁粉)

Nobody seems to care that CNN and TNT Sports would be gone under Netflix. Paramount at least wants to keep linear TV alive. Not every story is about streaming.

似乎没人关心CNN和TNT体育频道会在网飞旗下消失。至少派拉蒙还想保住传统电视业务。不是所有故事都围绕流媒体展开。

Market Skeptic (市场怀疑论者)

Paramount’s own stock is up 3%, but let’s not pretend this bid makes sense. They’re leveraged to the moon, and Ellison thinks Trump will save them? That’s not a strategy — it’s a prayer.

派拉蒙自家股价涨了3%，但别假装这报价合理。他们负债冲天，艾里森居然指望特朗普救场？这不叫战略，这叫祈祷。

Paramount Just Nuked Netflix’s $72B Warner Bros. Deal — Is This Corporate Warfare or Desperation?

派拉蒙一记猛击打乱网飞720亿美元华纳兄弟交易——这是商业战争还是垂死挣扎？

好莱坞将不复存在？1080亿美元恶意收购或将彻底重塑娱乐版图

网飞即将吞下华纳兄弟，改写流媒体历史？还是自《天行者崛起》以来最被高估的交易？