Paramount’s $110 Billion Warner Bros. Deal Poised for US Antitrust Approval, Semafor Reports
Paramount’s proposed $110 billion acquisition of Warner Bros. moved closer to completion after Semafor reported that US antitrust regulators are poised to approve the transaction and Warner Bros. said bondholders agreed to amend terms on some existing debt. Warner Bros. also tightened pricing on a loan offering after increasing it to around $15 billion, benefiting from strong investor demand for corporate credit.
Financing remains a major issue. Paramount is funding the acquisition with roughly $50 billion of debt, leaving investors skeptical about the creation of a heavily leveraged company in a turbulent media industry.
From the sources (6 posts)
@reutersUS antitrust regulators poised to approve Paramount’s takeover of Warner Bros, Semafor reports
@businessWarner Bros. tightened pricing on its loan offering, a day after upsizing the deal to around $15 billion, as investor appetite for corporate credit allows borrowers to set favorable terms
@businessParamount is financing its Warner Bros. acquisition with a daunting roughly $50 billion of debt, leaving investors skeptical of creating a heavily leveraged entity in a turbulent media industry.
@reutersUS antitrust regulators poised to approve Paramount’s takeover of Warner Bros, Semafor reports
@businessWarner Bros. said it won agreement from bondholders to change the terms of some existing debt, bringing the company a step closer to selling itself to Paramount in a $110 billion deal.
@moreperfectusDOJ antitrust officials appear ready to approve Paramount’s $110 billion takeover of Warner Bros. after a two-hour meeting with Paramount CEO David Ellison and other Paramount executives, per @semafor.