US EditionWarner Bros. Discovery May Reopen Talks with Paramount Skydance
Paramount sweetened its hostile bid for Warner Bros. Discovery by covering a $2.8 billion Netflix breakup fee and adding quarterly fees worth $650 million, sources say.
- Warner Bros. Discovery is weighing reopening talks with Paramount after last week's sweetened proposal, Bloomberg News reported Sunday.
- Paramount sweetened its bid by offering to pay the $2.8 billion breakup fee and back WBD's debt costs, adding a 25-cent ticking fee starting in 2027, backed by Larry Ellison and Rene Augustine.
- Paramount left the per-share price at $30 while adding incentives, Netflix changed to all cash on Jan. 20, and Paramount matched that on Feb. 10; WBD had agreed on Dec. 5 to sell to Netflix for $27.75 per share.
- The WBD board is awaiting SEC approval to schedule a shareholder vote, with both Paramount and Netflix willing to raise bids, amidst federal scrutiny questions.
- WBD's franchises are key assets driving the bidders' interest, with a deal value about $108.4 billion and Larry Ellison's $40 billion backing boosting regulatory clout.
23 Articles
23 Articles
Warner Bros Discovery Stalls at $27.99 as $108 Billion Paramount Bid Faces Delay
Quick Read Warner Bros Discovery (WBD) trades at $27.99 as Netflix’s $72B offer competes with Paramount’s $108.4B counteroffer. Warner Bros Discovery revenue declined 5.1% annually over two years while trading at 147x trailing earnings. Ancora Holdings built a $200M position and expressed skepticism about the Netflix deal’s uncertain cash consideration. You can earn up to $1,500 in cash bonuses just for moving your savings; see how this limi…
A second war of offers could be triggered with Netflix
Twist in tale? Warner Bros weighs Paramount offer that covers $2.8bn Netflix break fee, says report
Warner Bros. is weighing renewed talks with Paramount Skydance Corp. after an amended offer that would cover a $2.8bn Netflix break fee and backstop debt refinancing, potentially sparking a new bidding war.
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