Warner Bros. Discovery rejected an amended takeover offer from Paramount Skydance and encouraged shareholders to stick with a deal it has in place with Netflix. Caroline Hyde and Ed Ludlow discuss the news with Quickplay Chief Business Officer Paul Pastor, who previously held senior executive positions at Discovery Communications and the Walt Disney Company. They speak on "Bloomberg Tech." ...

Group 1 - Warner Bros. Discovery Inc has rejected Paramount Skydance's takeover attempt for the third time in recent months [1]

Corporate News - Warner Bros. Discovery recommended its shareholders reject Paramount's amended hostile bid for the company, stating that its existing deal with Netflix is stronger [3] - European defense stocks rallied as investors anticipate increased military spending in the continent [3] Market Trends - Oil futures initially dropped but later recovered after President Trump announced that Venezuela will provide the U.S. with up to 50 million barrels of crude [2] - Bond yields decreased globally, including in the U.S., following weaker-than-expected economic data, with U.S. private-sector employment rising by only 41,000 jobs in December according to ADP [2] - A halt in the rise of gold, silver, and copper prices negatively impacted global mining shares, with silver futures dropping more than 5% [4]

Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company operates with a team of experienced and qualified news journalists, ensuring independent content production [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The news team delivers insights across various sectors, including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]

Core Viewpoint - Warner Bros. Discovery (WBD) has rejected Paramount's takeover offer for the eighth time, affirming its commitment to its existing deal with Netflix, which is considered superior by WBD's board [1][3]. Group 1: Reasons for Rejection - The board of WBD conducted a thorough review of Paramount's latest offer, supported by independent financial and legal advisors, and found it to offer "insufficient value" compared to Netflix's bid [2][3]. - Additional costs associated with Paramount's offer, such as a break-up fee to Netflix, were cited as a reason for its rejection [3]. - There was a noted "lack of certainty" regarding Paramount's ability to complete the deal due to its significant debt financing [3]. Group 2: Company Strategy and Focus - WBD's CEO, David Zaslav, emphasized that the company's operating plans remain unchanged and that priorities for 2026 are clear and intentional [7][11]. - The 2026 goals process is set to launch in February, indicating a structured approach to future planning [8][11]. - Zaslav encouraged employees to maintain focus on their work and the company's strategic direction as they start the year [8][12].

Jan. 7 (UPI) -- The board of directors at Warner Bros. Discovery announced Wednesday that it unanimously recommended shareholders reject the hostile bid by Paramount Skydance and stick with Netflix. The board said the Paramount offer was "not in the best interests of WBD and its shareholders and does not meet the criteria of a 'superior proposal' under the terms of WBD's merger with Netflix." "The board unanimously reiterates its recommendation in support of the Netflix combination and recommends that WBD ...

Core Viewpoint - Warner Bros. Discovery's board unanimously rejected Paramount's tender offer, asserting that it is not in the best interest of shareholders and reaffirming Netflix as the preferred partner [1][3]. Group 1: Warner Bros. Discovery's Position - The board emphasized that Paramount's offer is inferior to the merger agreement with Netflix across multiple key areas [3]. - Warner Bros. Discovery's board chair highlighted that Paramount's proposal includes significant debt financing, which poses risks and lacks protections for shareholders if the transaction fails [6]. - The board communicated to shareholders that the Netflix merger offers superior value with $23.25 in cash and shares of Netflix common stock, representing a target value of $4.50 based on Netflix's stock price at closing [7]. Group 2: Financial Implications of Paramount's Offer - Accepting Paramount's offer would incur substantial costs for Warner Bros. Discovery, including a $2.8 billion termination fee to Netflix, a $1.5 billion fee for failing to complete a debt exchange, and approximately $350 million in incremental interest expenses, totaling around $4.7 billion or $1.79 per share [10]. - The board noted that these costs would significantly reduce the net regulatory termination fee from $5.8 billion to $1.1 billion in the event of a failed transaction with Paramount [10]. Group 3: Strategic Considerations - The board concluded that the Netflix merger maximizes value while mitigating downside risks, reinforcing their belief that it is in the best interest of shareholders [10].

Warner Bros. Discovery’s Board of Directors has again unanimously recommended that WBD stockholders reject the revised offer from Paramount Skydance (PSKY) announced December 22, 2025, and continues to recommend that stockholders approve the deal with Netflix, which said it welcomed Warner’s latest reaffirmation of their binding deal. “The Board unanimously determined that the Paramount’s latest offer remains inferior to our merger agreement with Netflix across multiple key areas,” said Samuel A. Di Piaz ...

Even Larry Ellison's vast personal fortune isn't enough to convince Warner Bros. Discovery to change its mind on its deal with Netflix. ...

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