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0.000144430402599795 0.000361076006499425 0.00288860805199501 0.000722152012998721 0.00397183607149303 0.00108322801949815 0.00361076006499373 0.0045134500812421
Stock impact report

Paramount sweetens hostile bid to stop Netflix-Warner Bros. deal [CNN]

Warner Bros. Discovery, Inc. - Series A (WBD) 
Company Research Source: CNN
Paramount on Tuesday moved again to sweeten its hostile bid for Warner Bros. Discovery, escalating its effort to derail the company's pending acquisition by Netflix. The David Ellison-led entertainment empire said it would pay Warner Bros. Discovery shareholders ( WBD ) approximately $650 million for each quarter the Netflix deal is not closed, beginning in 2027. Paramount also said it would “fully and promptly” pay the $2.8 billion fee that Warner Bros. Discovery (WBD) would owe Netflix if their deal is terminated, according to a new SEC filing The filing comes as WBD moves toward closing its $83 billion deal to sell its studios and streaming assets to Netflix. Last month, Netflix revised its offer to all cash. (WBD's remaining cable networks, including CNN, would spin off into a separate company called Discovery Global.) Paramount notably did not increase its current $30-per-share, all-cash offer for the entire company, including CNN. But the new “enhancements,” Ellison s Show less Read more
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