After rejecting Paramount’s latest acquisition bid, Warner Bros. Discovery says it’s giving the David Ellison-led entertainment giant seven days to make its “best and final” proposal. Though WBD is reopening negotiations with Paramount, the company makes it clear in a press release that it still favors Netflix’s $82.7 billion deal to purchase its studio and streaming service.
As noted in the press release, a Paramount representative told WBD that it would agree to pay $31 per share if WBD reopens negotiations, adding that this isn’t Paramount’s “best and final proposal.” Paramount has been upping its bid to purchase the entirety of WBD for …
Read the full story at The Verge.
Original Source: https://www.theverge.com/entertainment/879947/warner-bros-discovery-reopen-talks-paramount-netflix-merger
Original Source: https://www.theverge.com/entertainment/879947/warner-bros-discovery-reopen-talks-paramount-netflix-merger
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