Tag: Paramount Skydance

“WBD has failed to include any disclosure about how it valued the Global Networks stub equity, how it valued the overall Netflix transaction, how the purchase price reduction for debt works in the Netflix transaction, or even what the basis is for its ‘risk adjustment’ of our $30 per share all-cash offer.”

The rejection was expected, as Paramount presented the same all-cash terms as its initial offer of $30 per share in mid-December.

"Paramount Skydance went public earlier this month with a $30-per-share all-cash offer for Warner Bros. Discovery."

"Larry Ellison has agreed to provide an irrevocable personal guarantee of $40.4 billion of the equity financing for the offer and any damages claims against Paramount"

"The decision was made roughly a day and a half before broadcast, an unusually late intervention for the long-running newsmagazine"

CBS News has not yet confirmed any of those reports about potential new additions.

"Following a careful evaluation of Paramount’s recently launched tender offer, the Board concluded that the offer’s value is inadequate, with significant risks and costs imposed on our shareholders"

"I think CNN should be sold because I think the people that are running CNN right now … are either corrupt or incompetent.”

This merger is the kind regulators usually have to tackle with a hazmat suit.

"Our deal provides a significant amount of synergies in sports rights that will be able to protect those linear properties"