Paramount Extends WBD Offer Deadline
Paramount Skydance said Thursday that it was extending its $30-a-share all-cash offer for Warner Bros. Discovery a month to Feb. 20, adding to the time it has to persuade shareholders to opt for its deal over a rival bid from…
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Netflix. Earlier this week, Netflix revised its offer of $27.75 per share to an all-cash bid (see 2601210006). Paramount also said it filed preliminary proxy materials with the SEC soliciting WBD shareholders to vote against the Netflix transaction.