Singapore Bid Sparks Scrutiny as WBD-Paramount Merger Advances

Warner Bros. Discovery disclosed a late, $32.50-per-share bid from Nobelis Capital for the company, but due diligence found no verifiable assets or deposits, casting doubt on the offer as WBD pursues a Paramount deal amid Netflix’s exit. The proxy outlines a potential payout for CEO David Zaslav of up to about $887 million—including a tax reimbursement—depending on deal timing, with the figure likely shrinking if the merger closes in 2027; the Nobelis bid did not advance, and Paramount’s bid was viewed as superior.