Paramount Skydance Continues to Insist Its Warner Bros. Discovery Offer Is Better Than Netflix's Deal
Variety••business
Key Points:
- Paramount Skydance, led by David Ellison, continues to push its $30 per share all-cash offer to acquire Warner Bros. Discovery (WBD), despite WBD's board rejecting the bid and recommending Netflix's $83 billion acquisition deal instead.
- Paramount claims it has addressed all concerns raised by WBD, including providing a personal guarantee from Larry Ellison for the equity portion of financing, and argues its offer provides greater value and a faster completion path for WBD shareholders.
- Paramount criticizes the Netflix deal, highlighting that the decline in Netflix's stock price has reduced the total value to WBD shareholders from $28.75 to approximately $27.42 per share, and questions the value of the proposed Discovery Global
