Warner Bros. Discovery claims Paramount has made a higher offer; the board will weigh the Netflix deal

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Viewpoint Network News: On February 24, Warner Bros. Discovery announced that Paramount’s bid has been submitted with a higher offer. The company’s board will weigh this offer against the previous deal reached with Netflix.

According to publicly available information, Paramount is expected to propose a fully cash offer of $32 per share and has agreed to bear a $2.5 billion breakup fee. Additionally, if the deal is not approved by regulators after 2026, Paramount commits to paying Warner Bros. shareholders at least $650 million per quarter as an “incremental compensation fee.”

Previously, Warner Bros. set February 23 as the deadline for Paramount to submit a final bid. Notably, Netflix still retains the right to match any competing offers.

Disclaimer: The content and data of this article are compiled by Viewpoint based on publicly available information and do not constitute investment advice. Please verify before use.

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