US EditionPublished • loading... • Updated
Warner Bros. Board Rejects $108.4 Billion Paramount Bid, Saying Netflix Deal Still Superior
The Warner Bros. Discovery board cited Paramount's offer as financially risky and inferior, recommending Netflix's binding $82.7 billion merger agreement for greater shareholder value.
- The Warner Bros. Discovery Board unanimously recommends that shareholders reject Paramount's $108.4 billion bid and support the Netflix deal.
- Paramount's bid lacks a full unconditional financing commitment from the Ellison family, raising concerns about the credibility of the equity commitment.
- The Netflix merger has enforceable commitments, no need for equity financing, and is fully backed by Netflix, a public company with a market cap over $400 billion.
Insights by Ground AI
Podcasts & Opinions
96 Articles
96 Articles
Warner Bros. Discovery's board of directors (WBD) has recommended that its shareholders not go to the hostile opa of Paramount Skydance, launched shortly after the announcement of integration with Netflix, an operation they are betting on.Continue reading...
·Granada, Spain
Read Full Article
Coverage Details
Total News Sources96
Leaning Left21Leaning Right12Center34Last UpdatedBias Distribution51% Center
Bias Distribution
- 51% of the sources are Center
51% Center
L 31%
C 51%
R 18%
Factuality
To view factuality data please Upgrade to Premium
