Paramount Skydance Boosts All-Cash Offer for Warner Bros. Discovery to $30 Per Share

Reuters
Feb 10
Paramount Skydance Boosts All-Cash Offer for Warner Bros. Discovery to $30 Per Share

Paramount Skydance Corporation has amended its all-cash offer to acquire Warner Bros. Discovery, Inc. to $30 per share, enhancing the value and certainty of its proposal. The company has certified compliance with a key Department of Justice request and secured clearance from German authorities as part of the regulatory process. Paramount Skydance emphasized that its offer is transparent and provides a fixed cash value, contrasting it with an alternative transaction involving Netflix that the company characterized as more complex and uncertain. Paramount Skydance continues to engage with regulators globally to secure the necessary approvals for the acquisition.

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