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Paramount Intensifies Hostile Bid to Block Netflix's Warner Bros. Acquisition

KVIA••CNN Newsource
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Paramount has escalated its efforts to thwart Netflix's $83 billion acquisition of Warner Bros. Discovery by enhancing its hostile bid. The company announced it would compensate WBD shareholders approximately $650 million for each quarter the Netflix deal remains unclosed, starting in 2027. Additionally, Paramount pledged to cover the $2.8 billion termination fee WBD would owe Netflix if their agreement collapses. Despite these moves, WBD shareholders have largely rejected Paramount's offer, with over 93% opposing it. A special meeting for WBD shareholders is anticipated in late March or early April to discuss the acquisition.

Key Details: • Paramount offers $650 million per quarter to WBD shareholders starting in 2027. • Paramount will pay the $2.8 billion termination fee if WBD's deal with Netflix fails. • WBD shareholders' special meeting is expected in late March or early April. • Over 93% of WBD shareholders currently reject Paramount's bid.

entertainment paramount netflix merger shareholders

People & Organizations

ParamountDavid EllisonWarner Bros. DiscoveryNetflixClete Willems

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