US EditionWarner Bros. board rejects $108.4 billion Paramount bid, saying Netflix deal still superior
Warner Bros. Discovery board cited Paramount's $108.4 billion bid as riskier and inadequately financed compared to Netflix's binding $82.7 billion cash-and-stock merger offer.
- Warner Bros. Discovery's board rejected Paramount Skydance's $30-per-share cash bid, stating it does not benefit shareholders and does not address key concerns about financing.
- The board highlighted that Paramount's financing claims lack sufficient backing, with a significant portion reliant on an "unknown and opaque revocable trust."
- WBD's board recommends that shareholders reject Paramount's offer, favoring Netflix's cash-and-stock bid valued at $27.75 per share.
- Samuel Di Piazza, chair of WBD's board, stated that Paramount's bid poses "significant risks and costs imposed on our shareholders" compared to Netflix's offer.
267 Articles
267 Articles
"Illusory and misleading" offer. Netflix wins
The Washington Hispanic
Warner Bros Discovery rejected on Wednesday a counteroffer from its competitor Paramount presented last week, which sought to thwart Netflix's streaming giant's plans to acquire the film and television company. In a statement, Warner Bros Discovery stated that its board unanimously determined that Paramount's hostile offer "is not in the interests of WBD." Since the war began in September, this was Paramount's sixth bid by WBD, the iconic Hollyw…
Business - Warner Bros. rejects Paramount's bid, accuses it of "consistently misleading" shareholders
Warner Brothers Discovery has rejected Paramount Skydance's hostile takeover bid, saying it carries many risks and is inferior to Netflix's offer. The company's board said the Ellison family that controls Paramount "consistently misled" them about guarantees and urged shareholders not to sell them their stocks. Plus, as oil prices rose following Donald Trump's order to blockade oil tankers in and out of Venezuela, we take a look at just how cen…
The famous studio rejected the hostile offer of David Ellison, the owner of Paramount, despite the 108 billion dollars put on the table. After trading, the proposal of the streaming giant would be higher and its financial base stronger.
Warner Bros. Discovery Rejects Paramount's $108 Billion Bid. Here's One Reason Why.
Key PointsWarner Bros. Discovery recommended that shareholders reject Paramount's tender offer.WBD said that the non-binding offer could be terminated at any time.Paramount gave a full-throated response.10 stocks we like better than Warner Bros. Discovery › Paramount Skydance's (NASDAQ: PSKY) last-ditch bid to win the bidding war for Warner Bros. Discovery (NASDAQ: WBD) took a step backward on Wednesday after WBD recommended that its shareholder…
Radio France Internationale
LiberationTV and film group Warner Bros Discovery (WBD) rejected the counter-offer submitted by its competitor Paramount Skydance and confirmed opting for Netflix's buy-back plan, he announced on Wednesday, December 17. Paramount's proposal, which valued the target at $108 billion, "is not in WBD's interest," announced the board of directors in a press release, recommending that its shareholders focus on Netflix's offer.
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