What is Paramount's offer for Warner Bros. Discovery?

Paramount is offering $30 per share for the entire Warner Bros. Discovery company.

Is Netflix still trying to acquire Warner Bros. Discovery?

Netflix changed its deal to an all-cash offer valued at $27.75 per share.

What is Paramount initiating against Warner Bros. Discovery shareholders?

Paramount is initiating a proxy fight and asking shareholders to reject current proposals.

Home / Business and Economy / Paramount vs. Netflix: WBD Deal Battle Heats Up

Paramount vs. Netflix: WBD Deal Battle Heats Up

22 Jan

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Summary

Paramount filed proxy materials to initiate a proxy fight.
Paramount maintains its $30 per share offer for WBD.
Over 168 million WBD shares tendered, short of goal.

Paramount vs. Netflix: WBD Deal Battle Heats Up

Paramount Global is intensifying its pursuit of Warner Bros. Discovery (WBD), announcing its intention to initiate a proxy fight. The company has submitted preliminary proxy materials and extended the deadline for WBD shareholders to tender their shares. This move signifies a direct challenge to current acquisition plans and executive compensation packages.

Paramount is urging WBD shareholders to vote against the proposed merger deal and the Discovery Global spinoff, which is slated to occur before the deal's completion. This strategy aims to halt the current trajectory and present Paramount's alternative.

Despite Netflix altering its acquisition terms to an all-cash offer valued at $27.75 per share, Paramount is steadfast in its $30 per share proposal for the entirety of WBD. This higher offer is positioned as more attractive to shareholders.