Netflix has revised its proposed acquisition of Warner Bros. Discovery to an all-cash transaction at a price of US$27.75 per share. The move is aimed at simplifying the deal structure and strengthening its position amid rival takeover attempts. The revised offer values Warner Bros. Discovery at an enterprise value of approximately US$82.7 billion, including debt,…
A hostile takeover bid for media giant Warner Bros. Discovery (WBD) has intensified and entertainment conglomerate Paramount has taken legal action to force the release of financial data. Paramount Skydance, which owns film production company Paramount Pictures and TV network CBS, has filed a legal suit seeking to force WBD to tell shareholders how much…
The board of Warner Bros. Discovery (WBD) has unanimously rejected Paramount Skydance’s latest attempt to acquire the studio, saying its revised $108.4 billion hostile bid is a risky leveraged buyout that investors should reject. In a letter to shareholders on Wednesday, the WBD board said Paramount’s offer depends on “an extraordinary amount of debt financing”…
