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0.000354735721887249 0.00106420716566162 -0.000532103582830811 -0.000354735721887249 0.000177367860943562 -0.00266051791415393 -0.000177367860943562 0.000709471443774373
Stock impact report

Warner Bros. Discovery Shareholder Harris Associates ‘Very Open' to Revised Paramount Bid [Yahoo! Finance]

Warner Bros. Discovery, Inc. - Series A (WBD) 
Company Research Source: Yahoo! Finance
In an interview with Reuters , portfolio manager Alex Fitch said that Netflix's $82.7 billion deal for WBD's studio and streaming assets is “superior on deal terms” but “comparable on value” with Paramount. “The good news is that the concerns on deal terms seem entirely addressable,” Fitch added. “If Paramount decides to come forward with superior financial consideration and properly addresses the issues with deal terms, we would be very open to a revised Paramount offer. The ball is in their court.” Harris Associates holds a 3.9% stake in Warner Bros. Discovery, making it the media giant's fifth largest shareholder. A spokesperson for the firm did not immediately return TheWrap's request for comment. Fitch's comments come after GAMCO Investors chairman Mario Gabelli previously told TheWrap that he's “highly likely” to tender his clients' WBD shares to Paramount. However, Gabelli acknowledged that the company is still in the “early innings” with Netflix, signaling his support f Show less Read more
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