Warner Bros. Discovery Eyes Renewed Talks With Paramount Skydance
Variety • • business
Key Points:
- The Warner Bros. Discovery (WBD) board is considering re-engaging with Paramount Skydance regarding its revised offer to acquire the entire company, despite having an existing $83 billion sale agreement with Netflix from December.
- Paramount Skydance’s latest offer includes a premium of about $650 million per quarter to WBD shareholders for every quarter the Netflix deal is delayed beyond December 31, 2026, marking their ninth offer since last year.
- WBD has publicly rejected Paramount’s recent proposals as insufficient, but the board’s potential reconsideration may demonstrate their fiduciary responsibility to explore all legitimate offers amid intense investor scrutiny and possible shareholder lawsuits.
- WBD is expected to address the Paramount Skydance offer and announce
