Warner Bros. Discovery Board of Directors Determines Revised Proposal from Paramount Skydance Could Reasonably Be Expected to Lead to a "Company Superior Proposal"
PR Newswire • • business
Key Points:
- Warner Bros. Discovery's Board has determined that Paramount Skydance Corporation’s revised acquisition proposal could potentially qualify as a "Company Superior Proposal" compared to WBD's existing merger agreement with Netflix, but no final determination has been made.
- Paramount Skydance’s updated offer includes $31.00 per WBD share in cash, a daily ticking fee starting after September 30, 2026, a $7 billion regulatory termination fee, coverage of WBD's $2.8 billion termination fee to Netflix, and commitments on equity funding and regulatory conditions.
- WBD will continue discussions with Paramount Skydance to assess if a superior proposal can be reached while maintaining its recommendation for the Netflix merger, which remains in effect.
