Paramount Reaffirms $30 A Share Cash Offer For Warner Bros. Discovery

Paramount Skydance today reaffirmed its $30 a share all cash offer for Warner Bros. Discovery. The company led by David Ellison said it “notes” WBD’s “decision not to engage on Paramount’s fully financed all-cash offer to acquire all of WBD.” It called the offer superior to WBD’s current deal with Netflix and insisted that its financing is sound and that it has been receptive to all WBD’s concerns. “Throughout this process, Paramount has diligently and constructively addressed each concern raised by WBD. A ...