bidding

Warner Bros. Discovery is cracking open the door to allow spurned bidder, Paramount Skydance, to make its case — but Warner’s board still maintains its preference for Netflix’s competing proposal.

Warner’s move to reopen talks comes after weeks of pressure from Paramount, which submitted an enhanced offer to buy Warner last week. Paramount’s willingness to increase its offer late in the auction attracted the attention of some Warner investors.

On Tuesday, Warner Bros. Discovery responded with a letter to Paramount Chairman David Ellison and others on Paramount’s board, giving the group seven days to “clarify your proposal.”

“We seek your best and final proposal,” Warner board members wrote. Warner set a Feb. 23 deadline for Paramount to comply.

The closely watched sale of the century-old Warner Bros., known for “Batman,” “The Big Bang Theory,” “Casablanca,” and HBO, the home of “Game of Thrones” and “Succession,” is expected to reshape Hollywood.

The flurry of activity comes as Warner Bros. Discovery and Netflix are seeking to enter the home stretch of the auction. Warner separately issued its proxy and set a special March 20 meeting of its shareholders to decide the company’s fate.

Warner Bros. Discovery is recommending that its stockholders approve the $82.7-billion Netflix deal.

“We continue to believe the Netflix merger is in the best interests of WBD shareholders due to the tremendous value it provides, our clear path to achieve regulatory approval and the transaction’s protections for shareholders against downside risk,” Warner Chairman Samuel A. Di Piazza, Jr., said in a Tuesday statement.

Still, the maneuver essentially reopens the talks.

Warner Bros. is creating an opportunity for Paramount to sway Warner board members, which could perhaps prompt Netflix to raise its $27.75 a share offer for Warner’s Burbank-based studios, vast library of programming, HBO and streaming service HBO Max.

Netflix is not interested in buying Warner Bros. Discovery’s basic cable channels, including CNN, TBS, HGTV and Animal Planet, which are set to be spun off to a stand-alone company later this year.

In contrast, Paramount wants to buy the entire company and has offered more than $30 a share.

Last week, Paramount sweetened its bid for Warner, adding a $2.8-billion “break fee” that Warner would have to pay Netflix if the company pulled the plug on that deal. Paramount also said it would pay Warner investors a “ticking fee” of 25 cents a share for every quarter after Jan. 1 that the deal does not close.

“While we have tried to be as constructive as possible in formulating these solutions, several of these items would benefit from collaborative discussion to finalize,” Paramount said last week as it angled for a chance to make its case. “We will work with you to refine these solutions to ensure they address any and all of your concerns.”

Netflix agreed to give Warner Bros. Discovery a temporary waiver from its merger agreement to allow Warner Bros. Discovery to reengage with Paramount, which lost the bidding war on Dec. 4.

“We granted WBD a narrow seven-day waiver of certain obligations under our merger agreement to allow them to engage with PSKY to fully and finally resolve this matter,” Netflix said Tuesday in a statement. “This does not change the fact that we have the only signed, board-recommended
agreement with WBD, and ours is the only certain path to delivering value to WBD’s stockholders.”

Netflix has matching rights for any improved Paramount offer. The company renewed its confidence in its deal and its prospect to win regulatory approval.

“PSKY has repeatedly mischaracterized the regulatory review process by suggesting its proposal will sail through, misleading WBD stockholders about the real risk of their regulatory challenges around the world,” Netflix said in its statement. “WBD stockholders should not be misled into thinking that PSKY has an easier or faster path to regulatory approval – it does not.”

Warner Bros. Discovery acknowledged that Paramount’s recent modification “addresses some of the concerns that WBD had identified several months ago,” according to the letter to Paramount.

But Warner Bros. Discovery added Paramount’s offer “still contains many of the unfavorable terms and conditions that were in the draft agreements … and twice unanimously rejected by our Board,” Warner Bros. Discovery said.

Warner’s board told Paramount it will “welcome the opportunity to engage” during the seven-day negotiation period.

Paramount has been pursuing the prized assets since last September.

“Every step of the way, we have provided PSKY with clear direction on the deficiencies in their offers and opportunities to address them,” Warner Chief Executive David Zaslav said in a statement. “We are engaging with PSKY now to determine whether they can deliver an actionable, binding proposal that provides superior value and certainty for WBD shareholders.”

DID you know there’s a town in the UK that is twinned with Disney World?

While Swindon is often overlooked as a destination, it is now even bidding to replace Bradford to be the latest current UK City of Culture.

Every four years, places in the UK are crowned the City of Culture – which in this case will come with £10million of government funding for arts and events.

Swindon is going up against the likes of Plymouth and Portsmouth for the crown in 2029.

One hope would be to rebrand the town, even Council leader Jim Robbins said: “I’m bored of just reading those same, old negative comments about Swindon.”

Despite it being slated, the town actually has a number of big claims to fame.

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Back in 2010, Swindon was surprisingly twinned with Florida‘s Disney World after a competition.

Beating 24 other British towns, a promotional video compared the town’s famous Magic Roundabout the the Disney teacup ride.

Afterwards, a plaque at the park read: “Swindon, Wiltshire, UK, the Walt Disney World resort, sharing the magic 2010.”

Not only did British band Oasis took their name from the town’s now-closed Oasis Leisure Centre, but it was mentioned in the BBC‘s The Office starring Ricky Gervais.

And it was was even used as a backdrop for two James Bond movies.

Pierce Brosnan filed scenes in The World is Not Enough at the former Motorola building.

He reportedly called the town a ‘great place’ during his stay – he was spotted at the Chiseldon House Hotel and local pubs.

And Roger Moore also filmed scenes in Swindon at the iconic Renault Building, which is now the Spectrum Building for A View to Kill.

If any of that still hasn’t tempted you, let’s see what Swindon has to offer…

Street Art

Swindon is an artistic town with 127 murals scattered about the town.

There’s a long-standing tradition of street art here which was originally spurred by local artist Ken White in the 1970s.

The most well-known mural in Swindon is the Golden Lion Bridge on the corner of Corporation Street and Fleming Way, dating back to 1976 although was restored last year,

If you want to see the murals, head to StreetArtCities which has all the details – and a handy map so you can see them all.

Kids Activities

High Score Arcades Swindon is a new arcade with over 80 games and for £12.50, you get free reign over all of them for one hour.

There’s old-school classics like Space Invaders and PAC-Man, to pinball, sports games and the newest arcade fun; there’s something for everyone to enjoy.

Another place perfect for entertaining the kids, especially during half-term is Roves Farm which has an indoor play and activity barn with huge slides, tunnels and soft play.

It’s also a working farm so there are lots of animals to see too.

Parks and Playgrounds

Swindon is more than a busy town – it’s actually got wide open spaces and some pretty parks.

Lydiard Park is 260 acres and has a Palladian House, a church, Walled Garden, hotel and restaurant.

Throughout the year events are held at Lydiard Park and in the summertime there’s open air theatre, live music and an outdoor cinema.

There’s also an outdoor play area with a huge climbing frame, plenty of slides, poles and rope ladders.

Next to the play area is the Forest Café which serves hot and cold drinks, snacks, pastries, soups, jacket potatoes and toasted panini.

When the weather warms up an Ice Cream Parlour opens next door.

Day ticket entry to Lydiard Park for adults is £6.70, and £3.65 for children (age 3-15).

Road Attractions

One of the strangest tourist attractions in Swindon is The Magic Roundabout in the centre of town.

The ring junction was built in 1972 – it’s made up of five mini-roundabouts arranged in a circle.

People travel from all over to test out the roundabout – it’s even rated the 10th best thing to do in Swindon on Tripadvisor with 126 ‘excellent’ reviews.

One Australian tourist said: “I checked out how it worked on YouTube just to be sure, I’m guessing it’s easy for the locals anyway and love how it’s called “magic roundabout” adds a bit of a laugh to the whole quagmire – love how the Brits think!”

Swimming Pool

Health Hydro pool in Swindon, a Grade II listed swimming pool has just reopened after a £6.5million renovation.

The Victorian structure recently underwent improvements to its pool – which is 33-metres long with four-lanes and gym.

While it might seem like your typical leisure centre, this swimming pool has been part of Swindon since 1891.

It was built by Great Western Railway workers – the washing baths were built in 1891, with the Turkish and Russian baths being added in 1904.

You can book to swim in the new pool for £8.

Heritage Railway

The Swindon and Cricklade Railway is Wiltshire‘s only standard gauge heritage railway – and it’s open for plenty of events throughout the year.

Visitors are welcome to check out vintage locomotives.

In September last year, Swindon & Cricklade Railway opened the last surviving and fully restored railway cinema carriage for a unique event.

Vintage seats were even salvaged from a cinema in Deptford, London, and placed inside the carriage for comfy viewing.

Events include Mother’s Day Cream Tea, Beer and Cider Festival, Jazz Evening and Santa Specials at Christmas time.

There’s even more trains to be seen at Swindon’s STEAM – Museum of the Great Western Railway.

Here you can learn all about the history of the Great Western Railway, filled with vintage trains and interactive museums.

Tickets for adults cost £14 and entry for children is £10.50.

Restaurants & Bars

There are plenty of eateries in Swindon, but some of the top-rated on Tripadvisor include Del Mundos in the old town, with hundreds of five star reviews.

It serves up full English breakfasts for £14, brunch options, small tapas plates, sharers and cocktails.

Another popular choice is The Choptank Restaurant– the ‘Old Town’s Premier Champagne & Oyster Restaurant’.

When it comes to drinks, head to the Vault Bar & Lounge – this is Swindon’s ‘hidden bar’ found in the vault of the old post office building.

It even has 2-for-£14 on selected Happy Hour cocktails until 9pm every night.

Hotels

When it comes to staying in Swindon, there’s the classic Premier Inn, Holiday Inn and ibis.

But for a more unique stay, there’s the beautiful Chiseldon House – where rooms are available from £75.

The country house hotel built in 1821 is tucked away on the outskirts of Swindon and feels more like a countryside escape.

It has 21 ensuite bedrooms and has a beautiful patio for dining in the summertime – you can book afternoon tea for £27.50.

Plus, this quaint British villages with toy-town cottages, car-free roads and cosy pubs – handpicked by our travel writers.

And the lesser-visited Cotswolds town with one of the UK’s prettiest high streets – and used to film huge Disney TV show.