2026년 2월 25일 · Unknown · financial · 출처 Yahoo Finance
Investing.com -- Warner Bros. Discovery (NASDAQ:WBD) shares declined 1% in after-hours trading Tuesday, while Netflix (NASDAQ:NFLX) rose 1.5% after Warner Bros. Discovery disclosed details of a revised acquisition proposal from Paramount Skydance (NASDAQ:PSKY).
Warner Bros. Discovery’s Board of Directors determined that the revised proposal from Paramount Skydance could reasonably be expected to lead to a "Company Superior Proposal" as defined in its existing merger agreement with Netflix.
The revised proposal includes a purchase price of $31.00 per WBD share in cash, plus a daily ticking fee equal to $0.25 per quarter beginning after September 30, 2026. Paramount Skydance would also pay a $7 billion regulatory termination fee if the transaction fails to close due to regulatory matters, along with the $2.8 billion termination fee that Warner Bros. Discovery would owe Netflix to terminate the existing merger agreement.
The Board has not determined whether the revised Paramount Skydance proposal is superior to the Netflix merger. Warner Bros. Discovery will continue discussions with Paramount Skydance to evaluate whether a superior proposal can be reached. If the Board ultimately determines a superior proposal has been received, Netflix will have four business days to negotiate and propose revisions to its transaction.
The Netflix merger agreement remains in effect, and the Board continues to recommend the Netflix transaction without withdrawing or modifying its recommendation. There is no assurance that the Board will conclude the Paramount Skydance transaction is superior or that any definitive agreement will result from ongoing discussions
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