WBD Claims 93% of Shareholders Rejected Paramount Bid in Favor of Netflix Merger
TL;DR Summary
Warner Bros. Discovery says more than 93% of its shareholders rejected Paramount Skydance’s all-cash bid and backed the Netflix merger; Paramount extended its tender offer, arguing its bid is superior. Netflix’s all-cash deal to acquire WB Discovery’s studios and HBO Max assets remains on track to close 12–18 months after signing, with WBD detailing Discovery Global debt and valuation as part of the dispute.
Topics:top-news#business#hostile-takeover#netflix-deal#paramount-skydance#shareholder-vote#warner-bros-discovery
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