Warner Bros. Discovery (WBD) states that the board has determined that Paramount SkyDance’s revised acquisition offer is a “superior proposal.” Paramount’s improved offer values Warner Bros. at $31 per share. Netflix currently has a four-day matching period. Netflix’s merger agreement remains valid. The board continues to recommend supporting the deal with Netflix, without withdrawing or modifying that recommendation.
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Warner Bros.: Paramount's revised acquisition offer is a "more favorable proposal"
Warner Bros. Discovery (WBD) states that the board has determined that Paramount SkyDance’s revised acquisition offer is a “superior proposal.” Paramount’s improved offer values Warner Bros. at $31 per share. Netflix currently has a four-day matching period. Netflix’s merger agreement remains valid. The board continues to recommend supporting the deal with Netflix, without withdrawing or modifying that recommendation.