Will Warner Bros shareholders accept Paramount's $108.4bn bid?

Warner Bros Discovery will reportedly urge its shareholders to reject the Paramount Skydance takeover bid.

What is Paramount's stance on its $108.4bn offer for Warner Bros?

Paramount has stated that its $108.4bn offer is superior to a prior $72bn deal Warner Bros made with Netflix.

Who is Affinity Partners in the Warner Bros takeover bid?

Affinity Partners, founded by Jared Kushner, was a key backer of Paramount's bid but has reportedly withdrawn its support.

Home / Business and Economy / Warner Bros Rejects Paramount's $108.4bn Bid

Warner Bros Rejects Paramount's $108.4bn Bid

17 Dec

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Summary

Warner Bros will urge shareholders to reject Paramount's bid.
Paramount claims its offer is superior to a Netflix deal.
Affinity Partners reportedly withdrew support for the bid.

Warner Bros Rejects Paramount's $108.4bn Bid

Warner Bros Discovery is preparing to formally reject Paramount and Skydance's substantial $108.4bn takeover bid. Reports indicate that Warner Bros Discovery will actively encourage its shareholders to vote against the acquisition proposal, with a decision potentially imminent this Wednesday. This move sets the stage for a significant battle over the future of these media giants.

Paramount, however, has publicly asserted that its offer represents a superior financial arrangement compared to the $72bn deal Warner Bros previously struck with Netflix. This comparison highlights the differing valuations and strategies being presented by each party involved in the ongoing negotiations and potential consolidation within the entertainment industry.

Adding another layer of complexity, Affinity Partners, a crucial financial supporter of Paramount's bid, has reportedly withdrawn its backing. Citing the involvement of "two strong competitors," the firm, founded by Jared Kushner, is no longer part of the acquisition efforts. Warner Bros has declined to comment on the developing situation.