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BTCC / BTCC Square / Global Cryptocurrency /
Paramount (PSKY) Enhances Bid for Warner Bros. Discovery in Battle Against Netflix (NFLX)

Paramount (PSKY) Enhances Bid for Warner Bros. Discovery in Battle Against Netflix (NFLX)

Author:
Global Cryptocurrency
Published:
2026-02-10 22:51:02
10
1
BTCCSquare news:

Paramount Skydance (PSKY) has bolstered its offer for Warner Bros. Discovery Inc., escalating the competition with Netflix (NFLX). The revised bid includes covering a $2.8 billion termination fee Warner Bros. WOULD owe Netflix if the existing deal collapses, alongside backing a debt refinancing with an additional $1.5 billion in fees if required.

The proposal is backed by $43.6 billion in equity commitments from the Ellison Family and RedBird Capital, $54 billion in debt financing from Bank of America, Citigroup, and Apollo, and a personal guarantee from Larry Ellison for $43.3 billion. "Our $30 per share all-cash offer reflects our commitment to maximizing value for WBD shareholders," Paramount CEO Ellison stated, emphasizing regulatory clarity and market volatility protection.

PSKY shares ROSE 2% on the news, while NFLX saw marginal gains. Warner Bros. confirmed it will evaluate the amended offer and issue recommendations shortly.

|Square

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