Paramount extends its deadline for its Warner Bros. tender offer, again [Globe and Mail, The (Toronto, Canada)]
Warner Bros. Discovery, Inc. - Series A (WBD)
Company Research
Source: Globe and Mail, The
Discovery, while doubling down on a coming proxy fight Warner stockholders now have until Feb. 20 to sell their shares to Paramount for $30 apiece in cash — a price that remains unchanged, giving the offer a total enterprise value of over $108 billion including debt. It marks the second extension the company has made since challenging Warner's merger agreement with Netflix last month. As of late Wednesday, Paramount said that more than 168.5 million Warner shares had been tendered in support of its offer. But that's still far below the 50% mark it would need to effectively gain control of Warner — which has about 2.48 billion shares outstanding in series A common stock today. “Once again, Paramount continues to make the same offer our Board has repeatedly and unanimously rejected in favor of a superior merger agreement with Netflix," Warner said in an emailed statement Thursday — adding that it's “clear our shareholders agree," as more than 93% have so far rejected “Paramount's
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News
- Dwayne Johnson's 'The Smashing Machine' hits streaming. How to watch. [USA TODAY]USA TODAY
- Paramount extends deadline for Warner Bros. offer, which company calls 'inferior scheme' amid Netflix deal [Yahoo! Finance]Yahoo! Finance
- Ted Sarandos to testify at a February Senate hearing on the Netflix-Warner deal [Seeking Alpha]Seeking Alpha
- Paramount is betting European regulators won't approve WBD-Netflix. Here's how it could play out [MSNBC.com]MSNBC.com
- Why Europe will be so important to a WBD deal [CNBC]CNBC
WBD
Earnings
- 11/6/25 - Miss
WBD
Sec Filings
- 1/22/26 - Form DFAN14A
- 1/22/26 - Form SC
- 1/22/26 - Form PREC14A
- WBD's page on the SEC website