The details of Paramount’s revised bid were not immediately known. The company had offered $30 per share, with a “ticker” that would raise the price for every quarter the deal had not closed past the end of this year. The company is still recommending that shareholders vote for the Netflix deal next month, as of now.
“Following engagement with Psky during the seven-day limited waiver period, we received a revised Psky proposal to acquire Wbd, which we are reviewing in consultation with our financial and legal advisors,” Wbd’s board said in a statement Tuesday morning. “We will update our shareholders following the Board’s review. The Netflix merger agreement remains in effect, and the Board continues to recommend in favor of the Netflix transaction. Wbd shareholders are advised not…
‘ The preceding article may include information circulated by third parties ’
‘ Some details of this article were extracted from the following source www.imdb.com ’
