Bloomberg News reported Tuesday that the Wbd board was expected to reject the amended offer that was made with fanfare by Paramount Skydance on Dec. 22. Wbd has already struck an agreement to merge with Netflix in a deal valued at more than $80 billion.
But Paramount Skydance hasn’t given up and is making a tender offer to Wbd shareholders. As this tug-of-war has played out in press releases and conference calls and Securities and Exchange Commission filings, Wbd shares have soared more than 170% this year, albeit shares were at a low ebb, having traded under $10 for most of 2024. Bloomberg reported the Wbd board will meet next week to formally…
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