Warner Bros. Discovery Reviewing Paramount’s Revised Proposal
Deadline • • business
Key Points:
- Warner Bros. Discovery (WBD) confirmed receiving a revised offer from Paramount and is reviewing it with financial and legal advisors, though it did not disclose the terms of the new bid.
- WBD continues to recommend shareholders support its existing merger agreement with Netflix, advising no action on Paramount's amended tender offer, despite Paramount raising its bid.
- Paramount has maintained its previous $30 per share tender offer as a placeholder and described the Netflix deal as "inferior," while emphasizing that WBD’s board must declare its offer a "Company Superior Proposal" to proceed.
- The ongoing negotiations follow a limited waiver period allowing active discussions, with Netflix holding matching rights and having switched to an all-cash bid of $27.75 per
