Overview
- Both boards unanimously approved the amended offer, which keeps the per‑share price at $27.75 for WBD’s studios and streaming assets.
- Warner Bros. Discovery shareholders would also retain shares in Discovery Global, the planned spinoff housing cable networks such as CNN, TBS and TNT Sports.
- Netflix said it will fund the transaction with cash on hand, available credit facilities and committed financing.
- Warner Bros. Discovery filed preliminary proxy materials, paving the way for a shareholder vote as soon as April once SEC review is complete.
- Paramount Skydance is pressing a rival all‑cash $30 tender for the entire company, has threatened a proxy fight, and saw its Delaware suit denied expedited treatment, while regulators are expected to scrutinize any deal.