Warner Bros. Discovery’s board has decided that David Ellison’s newest revised supply for your complete firm may “fairly be anticipated” to result in a “superior proposal.”
Ellison’s tenth bid is valued at $31 per share in money, plus a each day ticking price equal to 25 cents per quarter starting after Sept. 30, 2026. Paramount pays a $7 billion regulatory termination price within the occasion the transaction doesn’t shut as a consequence of regulatory issues. It is going to additionally cowl a $2.8 billion termination price that WBD can be required to pay to Netflix.
Extra to return…