What is the deadline for Skydance's final offer to WBD?

The deadline for Skydance to provide its "best and final" offer to Warner Bros. Discovery is February 23rd.

Is Warner Bros. Discovery negotiating with Paramount?

Warner Bros. Discovery has reopened negotiations with Skydance regarding a takeover bid, and Skydance is prepared for constructive discussions.

What actions will Paramount continue despite WBD negotiations?

Paramount will continue its tender offer and its proxy solicitation efforts, including nominating directors at the WBD annual meeting.

Home / Business and Economy / Paramount's Final Offer Deadline Looms for WBD

Paramount's Final Offer Deadline Looms for WBD

17 Feb

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Summary

Skydance is prepared for good faith discussions after WBD reopened talks.
WBD set February 23rd as the deadline for a final offer.
Paramount will continue its tender offer and proxy fight.

Paramount's Final Offer Deadline Looms for WBD

Warner Bros. Discovery (WBD) has reopened negotiations with Skydance concerning a potential takeover bid. Skydance has been given until February 23rd to present its "best and final" offer. The company stated it is prepared to engage in good faith and constructive discussions.

However, Paramount has signaled its intention to continue with its current tender offer and proxy fight. This includes its efforts to nominate a slate of directors at the upcoming WBD annual meeting. Paramount noted that the WBD Board's decision to not determine if its offer could lead to a superior proposal was unusual.

Paramount's $30 per share all-cash offer is reportedly being considered. The company's board has been criticized for not giving Skydance an unrestricted right to negotiate by not acknowledging the potential superiority of Paramount's bid.

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