WBD Reconsiders Paramount Offer Amid Netflix Deal Hold
Warner Bros. Discovery says it is reviewing a sweetened Paramount bid after a seven-day waiver, with details of Paramount’s revised proposal not publicly disclosed. Netflix’s all-cash deal to acquire WBD’s studio and HBO remains in effect, and the board continues to recommend it. Paramount’s revised PSKY bid could pressure Netflix to respond by matching, though any match may differ since Netflix would only be acquiring the film studio and HBO assets. A Netflix vote is set for March 20, and WBD will update shareholders after the board’s review.