PARAMOUNT REAFFIRMS COMMITMENT TO DELIVERING SUPERIOR $30 PER SHARE ALL-CASH OFFER TO WARNER BROS. DISCOVERY SHAREHOLDERS
Investor Relations | Paramount••business
Key Points:
- Paramount Skydance Corporation has reaffirmed its $30.00 per share all-cash offer to acquire Warner Bros. Discovery (WBD), criticizing WBD for not engaging with the proposal despite Paramount addressing all concerns, including a personal guarantee by Larry Ellison for financing.
- Paramount argues its offer is superior to WBD's existing deal with Netflix, highlighting that the Netflix transaction's value has decreased due to the falling Netflix stock price and includes uncertain components, whereas Paramount's offer is fully cash and more certain.
- Paramount's analysis values the spun-off Discovery Global entity at zero per share based on comparable trading multiples and financial performance, suggesting the Netflix deal's equity component is risky and likely overvalued.
- Paramount also addresses doubts about its
