US EditionWarner Bros Discovery wants Paramount to raise its offer to $30 per share, Axios reports
Warner Bros. Discovery board demands about $30 per share to reflect a $74 billion valuation amid strategic sale talks and declining TV business, Axios reported.
- On Tuesday, Warner Bros Discovery's board asked Paramount Skydance to raise its $23.5 per share bid to about $30, valuing the company at $74.34 billion.
- Facing strategic choices, Warner Bros Discovery has been weighing options including a planned separation, a sale, or separate transactions for its Warner Bros or Discovery Global businesses amid declines in its television business.
- Reporting shows Paramount's current offer valued the company at $58.23 billion, and Paramount called Variety's consortium report 'categorically inaccurate' while parties did not comment to Reuters.
- Market moves showed immediate reaction, with Warner Bros Discovery shares closing up 5% and Paramount shares about 2% higher ahead of the November 20 initial non-binding first-round bid deadline.
- Variety reported a consortium largely backed by the Ellison family with involvement from Saudi Arabia's Public Investment Fund, Qatar Investment Authority and Abu Dhabi Investment Authority, and companies did not immediately respond to Reuters.
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Warner Bros Discovery wants Paramount to raise its offer to $30 per share, Axios reports
Warner Bros Discovery's board wants Paramount Skydance to sweeten its latest bid of $23.5 per share to about $30 apiece, Axios reported on Tuesday, citing sources familiar with the matter.
WBD Reportedly Seeking Minimum $30 Per Share Bid for Company Ahead of Nov. 20 Deadline
Warner Bros. Discovery’s board of directors reportedly is looking for Paramount Skydance to raise its acquisition bid for the whole company up to $30 per share, or more than $74.3 billion, by the Nov. 20 bid deadline, up from the Paramount’s last offer of $23.50 per share, which was rejected. The share minimum was reported … Continue reading "WBD Reportedly Seeking Minimum $30 Per Share Bid for Company Ahead of Nov. 20 Deadline" The post WBD Rep…
Report: WBD wants Paramount 'to up its offer'
Comcast, Netflix and Paramount are expected to make bids for Warner Bros. Discovery (WBD) this week, according to a report from Axios. As the November 20th deadline approaches., Paramount is currently still the only bidder pursuing a full buyout of the company, which it believes gives it a competitive advantage, said the report. According to a source said to be close to the board, WBD hopes to come to an agreement this year and wants Paramount t…
Money, Money, Money: Media Group Warner Bros. Discovery calls for a significant improvement in the takeover offer from its rival Paramount Skydance. According to Axios, the Board demands an increase of 23.50 dollars to about 30 dollars per share. WBD's valuation would thus rise to 74.3 billion dollars. The Group has been considering a sale since October due to the decline in the television business. Comcast and Netflix also show interest in part…
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- 40% of the sources lean Left, 40% of the sources are Center
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