Warner Bros Rejects Paramount's Bid, Netflix Deal Preferred
Update: 2025-12-31
Description
Warner Bros Discovery is expected to reject Paramount Skydances revised $108.4 billion hostile takeover bid, despite Larry Ellisons personal guarantee. The media giant maintained its $30 per share cash offer, while Paramount increased its regulatory reverse termination fee and extended the tender offer deadline. Warner Bros appears to favor a rival deal with Netflix, valued at $82.7 billion in cash and stock, due to clearer financing and less risk. Big investor Harris Oakmark criticized Paramounts tweaked bid, stating it falls short of covering the potential $2.8 billion breakup fee. The outcome hinges on the boards decision at their upcoming meeting. Checkout Solipillow.com
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