"According to multiple sources to the Wall Street Journal, Paramount has already made three formal bids for Warner Bros. Discovery, all of which have been turned down"
"Our decision to initiate this review underscores the Board’s commitment to considering all opportunities to determine the best value for our shareholders"
On a standalone platform, there’s no casual traffic — only committed subscribers. And the truth is, there may not be enough of them to make it sustainable.
Many Wall Street analysts don't expect the company's stock price to eclipse $19, so it would remain a quasi-affordable target for mergers and acquisitions.
"If finalized, the acquisition would represent one of the largest bets in entertainment history. Warner Bros. Discovery carries a market capitalization of nearly $33 billion, more than twice the size of Paramount Skydance"