How this will likely all go down over the next few weeks, from Matt Belloni...
Quote:
Next moves in World War WBD: Thankfully we're getting the rest of this week off from Warner Bros. sale news, I'm told. So we'll need to wait for the next obvious chess moves: The WBD shareholders, knowing that Paramount's $30 per share offer is not "best and final," will almost certainly reject the latest bid, even with Larry Ellison's personal backing. Then, in January, the Ellisons will up their offer just enough to clearly beat Netflix, even if shareholders accept the higher valuation of the TV networks. Then, Netflix will likely match the offer, and Paramount will have to decide if they'd like to go even higher.
