Netflix is considering changing its bid for Warner Bros. Discovery’s assets to an all-cash offer, valued at $27.75 per WBD share. This move could speed up the shareholder vote process, potentially happening as early as late February or early March.
Paramount Skydance is ramping up its hostile takeover attempt of Warner Bros. Discovery, suing the company and CEO David Zaslav for more information on why they reject Paramount’s $30 per share offer. Paramount argues its deal is more valuable, backed by Larry Ellison’s support.
Read more at CNBC: Likely to adjust offer to all-cash
