Prnewswire·2026-02-10 17:25Core Viewpoint - Warner Bros. Discovery (WBD) has received an unsolicited amended tender offer from Paramount Skydance Corporation to acquire all outstanding shares of WBD common stock, and the WBD Board will review this offer while maintaining its current recommendation regarding the Netflix Merger Agreement [1][2]. Group 1: Tender Offer Details - The amended tender offer from Paramount Skydance is aimed at acquiring all outstanding shares of WBD common stock [1]. - WBD's Board of Directors will review the offer in consultation with independent financial and legal advisors [1]. - WBD stockholders are advised not to take any action regarding the amended tender offer at this time [1]. Group 2: Advisory and Legal Counsel - Financial advisors for WBD include Allen & Company, J.P. Morgan, and Evercore [1]. - Legal counsel for WBD consists of Wachtell Lipton, Rosen & Katz and Debevoise & Plimpton LLP [1]. Group 3: Company Background - Warner Bros. Discovery is a leading global media and entertainment company with a diverse portfolio of brands including HBO Max, CNN, and Discovery Channel [1]. - The company focuses on creating and distributing branded content across various platforms such as television, film, streaming, and gaming [1]. Group 4: Regulatory and Filing Information - WBD has filed a solicitation/recommendation statement with the SEC regarding the tender offer [1]. - Investors are encouraged to read all relevant documents filed with the SEC for important information about the tender offer [1].