Prnewswire·2026-02-24 13:15Core Viewpoint - Warner Bros. Discovery has received a revised acquisition proposal from Paramount Skydance to acquire all outstanding shares of WBD common stock, which is currently under review by the Board in consultation with financial and legal advisors [1] Group 1: Acquisition Proposal - The revised proposal from Paramount Skydance is being reviewed by Warner Bros. Discovery's Board, which will provide updates to shareholders after the review [1] - The Netflix merger agreement remains in effect, and the Board continues to recommend the Netflix transaction to shareholders [1] - Shareholders of WBD are advised not to take any action regarding the amended PSKY tender offer at this time [1] Group 2: Advisory and Legal Counsel - Financial advisors for Warner Bros. Discovery include Allen & Company, J.P. Morgan, and Evercore, while legal counsel is provided by Wachtell Lipton, Rosen & Katz and Debevoise & Plimpton LLP [1] Group 3: Company Overview - Warner Bros. Discovery is a leading global media and entertainment company, creating and distributing a diverse portfolio of branded content across various platforms including television, film, streaming, and gaming [1] - The company operates iconic brands such as HBO Max, CNN, and Discovery Channel, among others [1]