Paramount, a Skydance Corporation, has initiated an all-cash tender offer to acquire all outstanding shares of Warner Bros. Discovery, Inc. for $30.00 per share in cash.
The offer aims to provide WBD shareholders with superior value and a quicker path to completion compared to the Netflix transaction.
Paramount's proposal includes solid financial backing and highlights the potential drawbacks of the Netflix transaction for WBD shareholders.
Superior Value Offer
Paramount's $30.00 per share all-cash offer represents a 139% premium to WBD's undisturbed stock price of $12.54.
Backed by Leading Entities
Ellison Family, RedBird Capital, Bank of America, Citi, and Apollo back Paramount's equity and debt commitments.
Regulatory Certainty
Paramount is confident in swift regulatory clearance, contrasting with the long and uncertain clearance process of the Netflix transaction.
Direct Shareholder Engagement
Paramount is taking its offer directly to WBD shareholders to provide them with the opportunity to maximize the value of their shares.
- Paramount's all-cash offer provides significant financial benefits to WBD shareholders compared to the Netflix proposal.
- The proposal ensures a more straightforward and certain path to completion, focusing on the immediate value for WBD shareholders.
- Paramount's commitment to regulatory transparency and efficient clearance enhances the overall attractiveness of the offer.
Paramount's compelling all-cash offer for Warner Bros. Discovery, Inc. sets a solid foundation for a strategic acquisition, providing WBD shareholders with a superior alternative to the Netflix transaction.