Paramount Reportedly Boosts Takeover Bid for Warner Bros.
Deep News
10 hours ago
According to informed sources, Paramount Global has increased its acquisition offer for Warner Bros. Discovery, escalating the prolonged battle for the iconic Hollywood film assets.
The undisclosed new proposal represents an improvement over the all-cash bid of $30 per share that Paramount presented directly to Warner Bros. shareholders on December 8 last year. The revised offer also addresses certain concerns previously raised by Warner Bros. regarding Paramount's acquisition plan.
The sources declined to be identified as details of the proposal have not been made public. Among the concerns raised were issues related to the uncertainty of Paramount's financing.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.