Paramount Reaffirms $30 A Share Cash Offer For Warner Bros. Discovery
Deadline••business
Key Points:
- Paramount Skydance reaffirmed its $30 per share all-cash offer to acquire Warner Bros. Discovery (WBD), declining to raise the bid despite WBD's rejection and preference for its existing deal with Netflix.
- WBD's board advised shareholders to reject Paramount's offer, labeling it inferior to the Netflix transaction valued at approximately $27.75 per share in cash and stock, which includes a planned spinoff of WBD's linear television business.
- Paramount insists its offer is superior, citing a fully financed deal backed by major financial institutions and a personal guarantee from Oracle co-founder Larry Ellison, while criticizing the Netflix deal's valuation uncertainties and potential regulatory risks.
- Paramount encourages WBD shareholders to seek transparency regarding
