Gewinn- und Verlust:

Paramount's Ellison family has signed deals to receive nearly $24 billion from three Saudi wealth funds to help back its acquisition of Warner Bros. Discovery, according to a report Monday.

The DOJ is seeking information on how the deal would affect studio output, content rights and competition among streaming services.

Reactions to the merger of Paramount and Warner. Bros Discovery (WBD) have focused on the impact on theatrical windows, severe job cuts, and the housing of CBS News and CNN under a single owner.

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The end of Warner Bros. Discovery as an independent company seemed to follow the pattern of Ernest Hemingway's take on how one becomes bankrupt: “Gradually, then suddenly.

With the bidding war for its assets now over, Warner Bros Discovery's shares were down more than 2% in early trading on Friday, slipping to $28.20. Paramount's bid, which Warner deemed as superior to Netflix's, offers $31 per share of the media conglomerate's entire business—including its studios, streaming platform and TV networks.

Sources says that the White House was unmoved by Sarandos' arguments, that competition from social media negates their antitrust concerns, and that the administration would oppose the deal.

The offer followed a week of talks between the companies to address concerns that prompted the HBO parent to reject previous Paramount bids in favor of Netflix's $72 billion deal for its studio and streaming assets.

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Paramount last week sweetened its $30 per share all-cash offer with an agreement to pay the $2.8 billion termination fee to Netflix, as well as a “ticking fee” for WBD shareholders worth $650 million.