4 days ago
Netflix Inc (NASDAQ:NFLX) shares were in premarket trading Wednesday as M&A developments surrounding the company’s proposed acquisition of Warner Bros. Discovery Inc (NASDAQ:WBD) continued to unfold.
Paramount Skydance Corp (NASDAQ:PSKY) has submitted a revised bid for Warner Bros. Discovery at $31 per share in cash — higher than its initial $108.4 billion, or $30 per share, offer.
The new proposal also includes a $7 billion regulatory termination fee and a $2.8 billion termination fee that Warner Bros. would owe Netflix if it walks away from their existing agreement.
Board Weighs Competing Offers
Warner Bros. Discovery’s board determined that Paramount’s revised proposal could reasonably be expected ...
