Hollywood Showdown: Warner Bros vs. Paramount in Studio Acquisition Battle
Warner Bros Discovery is contemplating renewed negotiations with Paramount Skydance following a revised hostile offer. The board is debating whether Paramount offers a more favorable deal than Netflix, with details including a 25-cent-per-share ticking fee and coverage of a $2.8 billion breakup fee.
Warner Bros Discovery is reportedly evaluating renewed discussions with Paramount Skydance after receiving an updated proposal from its aggressive suitor, according to Bloomberg News.
The Warner Bros board is currently considering whether Paramount can present a more advantageous deal than its existing agreement with Netflix. Discussions are ongoing, and the board has not yet reached a decision.
Paramount's latest bid includes a quarterly ticking fee and an offer to cover Warner Bros’ breakup fee to Netflix, though the per-share price remains unchanged at $30, placing the deal's value at $108.4 billion including debt.
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