Netflix, Warner Bros.
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Paramount Skydance has issued an extension on its $30 per share tender offer for Warner Bros. Discovery and is launching a proxy battle aimed at blocking Netflix's $83 billion deal. The offer, which was set to expire on Wednesday at 5 p.
However, the streaming giant is still offering the same $27.75 the companies had agreed on for WBD's movie studio and streaming assets, and the deal continues to value the company at $82.7 billion.
Paramount Skydance CEO David Ellison is apparently still hopeful that investors will approve his $108.4 billion hostile takeover of Warner Bros. Discovery. Paramount Skydance announced Thursday that it's extending its all-cash offer to acquire the storied studio,
Netflix is readying a revised offer — in all cash — to acquire Warner Bros. Discovery’s streaming and studios businesses, according to a report by the Wall Street Journal. Under the terms of Netflix’s original agreement,