Warner Bros. Says Paramount’s New Offer May Top Netflix
Market Intelligence Analysis
AI-PoweredWarner Bros. Discovery is considering a new offer from Paramount Skydance Corp. that could potentially top the existing agreement with Netflix, leading to another round of bidding for the Hollywood studio.
Market impact analysis based on neutral sentiment with 70% confidence.
Article Context
Warner Bros. Discovery Inc. said a new $31-a-share buyout offer from Paramount Skydance Corp. could lead to a better deal than its existing agreement with Netflix Inc., kicking off another potential round of bidding for the famed Hollywood studio. Warner Bros. isn’t withdrawing its recommendation that investors support Netflix’s $27.75-a-share agreement to buy the company’s studio and HBO operations, according to a statement Tuesday. Instead, it’s saying the latest Paramount terms meet the threshold for further talks. Robert Fishman, Senior Research Analyst with MoffettNathanson, details latest twists and turns in the battle of media giants ahead of Paramount's latest earnings. He speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily. (Source: Bloomberg)
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