Paramount Sky Dance Company (Nasdaq: PSKY) stock rose 2.69% in pre-market trading to $12.60, after the company reiterated its all-cash offer to acquire Warner Bros. Discovery (Nasdaq: WBD) at $30 per share. Paramount questioned Warner Bros. Discovery's rejection of the offer, stating that its bid is more attractive than the existing Netflix deal, which is valued at $27.42 per share. The company has secured $40 billion in equity guarantees from Oracle CEO Larry Ellison and $54 billion in debt financing. Major shareholders of Warner Bros. Discovery are divided, and both potential transactions face antitrust scrutiny, with Warner Bros. Discovery potentially incurring a $4.7 billion fee if it terminates its agreement with Netflix.
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Paramount Sky Dance Company (Nasdaq: PSKY) stock rose 2.69% in pre-market trading to $12.60, after the company reiterated its all-cash offer to acquire Warner Bros. Discovery (Nasdaq: WBD) at $30 per share. Paramount questioned Warner Bros. Discovery's rejection of the offer, stating that its bid is more attractive than the existing Netflix deal, which is valued at $27.42 per share. The company has secured $40 billion in equity guarantees from Oracle CEO Larry Ellison and $54 billion in debt financing. Major shareholders of Warner Bros. Discovery are divided, and both potential transactions face antitrust scrutiny, with Warner Bros. Discovery potentially incurring a $4.7 billion fee if it terminates its agreement with Netflix.