Overview
- People familiar with the matter say the board plans to turn down Paramount Skydance’s amended offer and will convene next week to review the proposals.
- Paramount’s revised package is valued at roughly $108.4 billion and includes a personal equity guarantee of about $40.4 billion from Larry Ellison.
- Warner Bros. Discovery has indicated in public filings that Netflix’s competing proposal is superior on execution certainty, financing clarity and governance protections.
- Directors are concerned a Paramount-led deal would constrain Warner’s debt management under Ellison family control and lacks a commitment to cover a $2.8 billion Netflix break fee.
- El Comercio reports Netflix’s offer carries a nominal value near $82.7 billion, with analysts noting its structure appears cleaner despite the lower headline figure.