US EditionWarner Bros Expected to Reject Paramount's Latest Hostile Bid, CNBC Reports
Warner Bros Discovery plans to reject Paramount's $108 billion bid due to concerns over financing certainty and strategic fit despite Larry Ellison's $40.4 billion personal guarantee.
- Warner Bros Discovery is expected to reject Paramount Skydance's amended $108.4 billion hostile bid, despite billionaire Larry Ellison backing the offer with a personal guarantee.
- Paramount raised its regulatory reverse termination fee and extended its tender offer deadline while keeping the $30-per-share all-cash value unchanged, arguing its bid faces fewer regulatory obstacles than Netflix's $82.7 billion rival bidder.
- The Warner Bros' board previously urged shareholders to reject Paramount's $108.4 billion bid citing concerns about financing certainty and the absence of a full guarantee from the Ellison family, while analysts say Netflix's $82.7 billion offer offers clearer financing and fewer risks, with a $2.8 billion breakup fee.
- The expected rejection could keep Warner Bros Discovery on track to pursue Netflix, while U.S. lawmakers from both parties and President Donald Trump have said they plan to weigh in, increasing regulatory scrutiny.
- Both Warner Bros Discovery and Paramount Skydance declined to comment as the $30-per-share cash value stayed unchanged while Paramount raised its regulatory reverse termination fee.
43 Articles
43 Articles
Warner Bros. Plans to Reject Paramount Offer Next Week
Warner Bros. Discovery Inc. plans to once again reject a takeover bid from Paramount Skydance Corp. after the rival media company amended the terms of its offer, according to people familiar with the company’s thinking.
Warner Bros likely to reject Paramount's latest hostile bid, source says
Warner Bros Discovery will likely reject Paramount Skydance's amended $108.4 billion hostile bid for the storied Hollywood studio despite a personal guarantee from billionaire Larry Ellison backing the media giant's offer, according to a person familiar with the matter.
Media giant Warner Bros. Discovery plans to reject another takeover bid from rival company Paramount, people familiar with the matter said.
Ev Ehrlich: What Netflix v. Paramount says about entertainment (Opinion)
The contest between Netflix and Paramount for Warner Bros. has storylines and personalities that would make gossip mongers from Louella Parsons to Maria Menounos gape. Gulf State plutocrats providing financing without, we are told, board seats or any other governance…
Warner Bros. Discovery Board Poised to Reject Paramount’s Latest Offer, Stay the Course With Netflix
The board of Warner Bros. Discovery is poised to reject the amended takeover offer fielded by Paramount Skydance last week as David Ellison keeps up his pursuit of the assets he sees as crucial to building a 21st century Hollywood heavyweight. Bloomberg News reported Tuesday that the WBD board was expected to reject the amended […]
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