Paramount Restates Its Proposal to Acquire Warner Bros. at $30 Per Share

Paramount Skydance Renews $30-Per-Share Bid for Warner Bros. Discovery

Photographer: Ethan Swope/Bloomberg

Paramount Skydance Corp. has reiterated its proposal to acquire Warner Bros. Discovery Inc. at a price of $30 per share, maintaining that its unsolicited offer surpasses Netflix Inc.'s bid, even after Warner Bros.' board has repeatedly declined.

In a statement released Thursday, Paramount emphasized that its proposal offers the most advantageous outcome for Warner Bros. shareholders. The company noted that it has addressed all concerns raised by Warner Bros., including securing an irrevocable personal guarantee from billionaire Larry Ellison to cover the equity portion of the funding.

Despite Paramount's revised offer, Warner Bros. once again turned down the proposal on Wednesday, voicing doubts about the deal’s financing and the significant debt it would create.

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