The Digest:
Netflix has amended its takeover offer for Warner Bros. Discovery (WBD) to an all-cash proposal of $27.75 per share, removing the stock component in response to a rival hostile bid from Paramount Global. According to Leadership News, the revised bid maintains an enterprise value of...
The Digest:
Paramount has launched an all-cash tender offer valued at $108.4 billion to acquire Warner Bros. Discovery, challenging a rival bid from Netflix.
Key Points
Paramount’s offer is $30 per share, a 139% premium over WBD’s September stock price.
The bid includes Warner Bros. assets...