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

Paramount has offered $108.4 billion for Warner Bros. Discovery.

Who is challenging for Warner Bros. Discovery?

Both Paramount and Netflix are vying to acquire Warner Bros. Discovery.

What is the new deadline for Paramount's bid?

The deadline for Paramount's hostile takeover bid has been extended to February 20.

Home / Business and Economy / Paramount Extends WBD Bid Deadline

Paramount Extends WBD Bid Deadline

22 Jan

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Summary

Paramount extended its hostile takeover bid deadline to February 20.
Paramount offers $108.4 billion for WBD, valuing it higher than Netflix.
Billionaire Larry Ellison personally guarantees a portion of Paramount's offer.

Paramount has extended the deadline for Warner Bros. Discovery shareholders to accept its hostile takeover offer to February 20. The company, led by CEO David Ellison, has been in discussions with WBD investors to encourage them to tender their shares.

Paramount's bid of $108.4 billion is positioned as superior to Netflix's previously announced $82.7 billion deal. Paramount argues its all-cash offer for the entire company has a greater likelihood of regulatory approval and offers better shareholder value.

Netflix's deal would result in shareholders retaining a stake in Discovery Global, which controls linear TV networks. WBD plans to split the company this spring, with Paramount vowing to challenge this through a proxy war later this year.