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Warner Bros. Seeks Higher Bid from Paramount as M&A Speculation Intensifies

Warner Bros. Seeks Higher Bid from Paramount as M&A Speculation Intensifies

Author:

Global Cryptocurrency

Published:

2025-11-19 04:59:01

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BTCCSquare news:

Warner Bros. Discovery's board has demanded Paramount Skydance raise its acquisition offer to $30 per share, a 28% premium over the rejected $23.50 bid. The revised proposal WOULD value the media conglomerate at $74.34 billion, surpassing its current $58.7 billion market cap. First-round bids are due by November 20, with Comcast and Netflix also preparing offers.

Earlier reports of a Middle Eastern sovereign wealth fund consortium backing Paramount's bid were denied, though the speculation briefly lifted both companies' shares. Warner Bros. gained 4.2% while Paramount Skydance ROSE 2.3% during Tuesday's trading session.

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