WBD Board Backs Netflix Over Paramount
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Big money on the line as Warner Bros. Discovery's Board urges shareholders to refuse Paramount
Skydance's "inferior" proposal. While Paramount offers $30 per share, the Board recommends
Netflix's $72 billion bid, valuing shares at $27.75 but excluding WBD's cable operations.
Why? They see Netflix's deal as more stable, with no contingencies or foreign capital.
Despite Paramount's persistent attempts, the Board emphasizes WBD's robust financial health,
positioning Netflix's offer as the clear winner. Is this the beginning of a new era for
WBD? Stay tuned for the drama.
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