Warner Bros Discovery is expected to reject Paramount Skydance’s amended $108.4 billion hostile bid, CNBC reported today, despite billionaire Larry Ellison backing the media giant’s offer with a personal guarantee.<\/p>\n
Warner Bros and Paramount Skydance declined to comment on the report.<\/p>\n
The decision could keep Warner Bros on track to pursue a rival cash-and-stock deal with Netflix, underscoring broad concerns over valuation, strategic fit and deal certainty despite Paramount’s attempt to sweeten its offer.<\/p>\n
Paramount had said that Ellison was open to personally guarantee equity financing backing the bid, a move aimed at easing doubts that had dogged its earlier proposal.<\/p>\n
The company also raised its regulatory reverse termination fee and extended its tender offer deadline, while the $30-per-share all-cash value remained unchanged.<\/p>\n
Netflix’s $82.7 billion offer, while lower in headline value, offers a clearer financing structure and fewer execution risks, analysts have said.<\/p>\n
Under the terms of that agreement, Warner Bros would face a $2.8 billion breakup fee if it walks away from the Netflix deal.<\/p>\n
Paramount has argued its bid would face fewer regulatory obstacles. A combined Paramount-Warner Bros entity would create a studio larger than industry leader Disney and merge two major television operators.<\/p>\n
Warner Bros’ board previously urged shareholders to reject Paramount’s $108.4 billion bid for the entire company, including its cable television assets, citing concerns over financing certainty and the absence of a full guarantee from the Ellison family.<\/p>\n
Paramount has argued its offer is more market-proof than Netflix’s $82.7 billion proposal, whose value has fluctuated with Netflix’s share price.<\/p>\n
Politicans from both parties have raised concerns about further consolidation in the media industry, and US President Donald Trump has said he plans to weigh in on the landmark acquisition.<\/p>\n","protected":false},"excerpt":{"rendered":"Warner Bros Discovery is expected to reject Paramount Skydance’s amended $108.4 billion hostile bid, CNBC reported today, despite…\n","protected":false},"author":2,"featured_media":377903,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[49,48,75,348],"class_list":["post-377902","post","type-post","status-publish","format-standard","has-post-thumbnail","category-tv","tag-ca","tag-canada","tag-entertainment","tag-tv"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/377902","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=377902"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/377902\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/377903"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=377902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=377902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=377902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}