Paramount Bets on Good Faith Talks While Pressing Its Netflix-Backed Offer
TL;DR Summary
Paramount says it will engage in good-faith talks with Warner Bros. Discovery over the Netflix-backed deal, while continuing its $30-a-share all-cash tender offer and planning a proxy fight; WBD has set a seven-day negotiation window, and Paramount argues its offer is superior and will press ahead.
Topics:business#business#mergers-and-acquisitions#netflix#paramount#proxy-fight#warner-bros-discovery
- Paramount Weighs In On WBD Talks: Will Engage In Good Faith But Move Ahead With Hostile Offer, Proxy Fight Deadline
- Netflix grants WBD waiver to reopen deal talks with Paramount, Sarandos says 'let them make a move' CNBC
- Warner Bros rejects Paramount's revised offer, but gives studio a week to negotiate better deal Yahoo Finance
- Warner Bros. Discovery backs Netflix merger while reopening Paramount talks CNN
- Warner Bros reopens takeover talks with Paramount after receiving a waiver from Netflix AP News
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