Warner Bros. Discovery Rejects Third Bid from Paramount, Sparks Market Speculation
Warner Bros. Discovery (WBD) shares saw a modest uptick as reports revealed the company had rejected its third acquisition bid from Paramount Skydance (PSKY). The latest offer, structured as 80% cash and 20% stock at $24 per share, prompted Warner to initiate a strategic review. Options include a full sale, partial divestment, or maintaining independence to execute a value-enhancing breakup plan.
Market observers note the rejected bids signal confidence in Warner's standalone strategy. Meanwhile, Netflix (NFLX) has entered the conversation with ambiguous signals about potential interest, adding another LAYER of intrigue to the media consolidation saga.