Paramount Stands By $30 Per Share Offer for Warner Bros. Discovery
The Hollywood Reporter••business
Key Points:
- Paramount maintains its $30 per share all-cash tender offer for Warner Bros. Discovery (WBD), claiming it provides greater value and a faster completion than WBD's deal with Netflix.
- Paramount CEO David Ellison emphasized the company's commitment to engaging with WBD shareholders and advancing regulatory approval.
- WBD's board rejected Paramount's revised bid, including a personal guarantee from Larry Ellison, citing unresolved concerns.
- Paramount disputes WBD's claims and released a financial analysis suggesting the Discovery Global spinout should have no equity value or trade at a discount to Versant, which recently experienced a significant share price drop.
- Paramount plans to proceed with its tender offer, set to expire on January 21, and aims to
