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Stock impact report

Why Warner Bros. Discovery shareholders might opt for Paramount's offer — and why they might not [MSNBC.com]

Paramount Skydance Corporation - Class B (PSKY) 
Company Research Source: MSNBC.com
In this articleTed Sarandos, CEO of Netflix and David Zaslav, CEO of Warner Bros. Discovery.Mario Anzuoni | Mike Blake | ReutersHours before shareholders now have a chance to call Sarandos' bluff. shareholders have until Jan. 8 to tender their shares to Paramount for $30 in cash, though that deadline may be artificial. Paramount can extend it all the way to 's annual meeting, which hasn't been set yet but this year took place June 2.If Paramount acquires 51% of outstanding shares, it would control the company, even though the board already agreed to sell the company's studio and streaming assets to Netflix. Both Netflix and Paramount can use the coming days and weeks to speak with shareholders to gauge whether they'd like to take Paramount's offer or stick with the board'srecommendationTo tender or not to tender, that is the question. There are sound arguments for both sides. The decision also presents a game theory element for shareholders who may simply want a bidding war rather Show less Read more
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