Art & Culture, Economy
Paramount Raises Its Offer for Warner Bros. Discovery to $31 a Share, Escalating the Bid War With Netflix!
1.Warner Bros. Discovery says it received a revised all-cash proposal from Paramount Skydance to acquire the full company for $31 per share, up from $30.
2.WBD’s board said the revised terms could reasonably be expected to lead to a “superior proposal” versus Netflix’s signed deal, but it still recommends the Netflix transaction for now.
3.Paramount’s revised package adds a 25-cent-per-quarter ticking fee after Sept. 30, 2026, plus a $7 billion regulatory termination fee, while Netflix retains matching rights if WBD deems Paramount “superior.”