Warner Bros. Discovery calls Paramount Skydance bid ‘superior’ as Netflix lobbies White House

Source: Washington Examiner · Bias: Center Right

Summary

Warner Bros. Discovery is now calling Paramount Skydance’s revised bid for the entire company “superior,” triggering a four-day period for Netflix to match its rival bidder. After reviewing Paramount’s latest offer, the WBD Board of Directors determined it constitutes a “company superior proposal” for now. If Netflix ups its bid to equal Paramount’s $31-per-share offer […]

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Warner Bros. Discovery calls Paramount Skydance bid ‘superior’ as Netflix lobbies White House
Washington Examiner

Warner Bros. Discovery calls Paramount Skydance bid ‘superior’ as Netflix lobbies White House

Center Right

Warner Bros. Discovery is now calling Paramount Skydance’s revised bid for the entire company “superior,” triggering a four-day period for Netflix to match its rival bidder. After reviewing Paramount’s latest offer, the WBD Board of Directors determined it constitutes a “company superior proposal” for now. If Netflix ups its bid to equal Paramount’s $31-per-share offer […]