What is Paramount's latest offer for Warner Bros. assets?

Paramount has sweetened its acquisition bid, increasing its offer beyond the initial $30 per share.

Who else is competing to acquire Warner Bros. assets?

Netflix is also competing, with a $27.75 per share offer for streaming and studio assets.

When is the deadline for the Warner Bros. acquisition negotiations?

The negotiating window for Paramount's offer concludes tonight, with a statement expected before Tuesday's market opening.

Home / Business and Economy / Paramount Sweetens Warner Bid to Beat Netflix

Paramount Sweetens Warner Bid to Beat Netflix

24 Feb

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Summary

Paramount has increased its offer to acquire Warner Bros. assets.
The new bid aims to outmaneuver Netflix in the ongoing acquisition talks.
Negotiations are in their final hours, with a deadline approaching tonight.

Paramount Sweetens Warner Bid to Beat Netflix

Paramount has sweetened its acquisition bid for Warner Bros. assets, increasing its offer beyond the initial $30 per share. This revised proposal is an attempt to secure the deal amidst competition from Netflix, which has a competing offer of $27.75 per share for streaming and studio assets.

The negotiating window for Paramount's offer concludes tonight, and a statement is expected before Tuesday's market opening. Warner Bros. Discovery has previously indicated a willingness to consider offers of $31 or higher, focusing on financing guarantees for any leveraged buyout.

Netflix holds the right to match any offer Paramount makes. Wall Street analysts believe Paramount may need to exceed $32 per share to finalize the acquisition. Shareholders would also receive stock in WBD's spun-off Discovery Global cable company.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.