Overview
- Paramount Skydance pushed its hostile $30‑per‑share, all‑cash tender deadline to Feb. 20 for a bid that covers all of Warner Bros. Discovery, including cable networks.
- Only about 168.5 million WBD shares — roughly 7% of outstanding stock — have been tendered to Paramount, according to SEC filings.
- Warner Bros. Discovery says more than 93% of shareholders who have voted so far oppose Paramount’s offer and favor the Netflix transaction.
- Netflix revised its proposal to an all‑cash $27.75‑per‑share deal for WBD’s studios and streaming, contingent on a spin‑off of the linear networks into Discovery Global, with large debt and bridge financing committed.
- Antitrust reviews are underway in the U.S. and Europe as FCC chair Brendan Carr flags competition concerns; Paramount has launched a proxy fight and Delaware litigation, and a shareholder vote on the Netflix deal is targeted for spring.