Paramount set for $111bn Warner Bros takeover after Netflix drops bid

""The transaction we negotiated would have created shareholder value with a clear path to regulatory approval.""

— Ted Sarandos , Executive

""This transaction was always a 'nice to have' at the right price, not a 'must have' at any price.""

— Greg Peters , Executive

""These two Hollywood titans have not cleared regulatory scrutiny - the California Department of Justice has an open investigation, and we intend to be vigorous in our review.""

— Rob Bonta , Politician

"We believe we would have been strong stewards of Warner Bros.′ iconic brands."

— Ted Sarandos , Executive

"But this transaction was always a ‘nice to have’ at the right price, not a ‘must have’ at any price."

— Greg Peters , Executive

"This will create tremendous value."

— David Zaslav , Executive

"We’ve always been disciplined. And at the price required to match Paramount Skydance’s latest offer, the deal is no longer financially attractive, so we are declining to match the Paramount Skydance bid."

— Ted Sarandos , Executive

"Pleased WBD's Board has unanimously affirmed the superior value of our offer, which delivers to WBD shareholders superior value, certainty and speed to closing."

— David Ellison , Executive

"Once the company’s board decides to adopt the Paramount merger agreement, it will create tremendous value for our shareholders."

— David Zaslav , Executive

"Despite all the speculation you’ve read during this process, I’d suggest that you don’t jump to conclusions about the future until we know more."

— Mark Thompson , Executive