Paramount Extends Tender Offer for Warner Bros. Shares Amid Netflix Rivalry
Business
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Moneycontrol•22-01-2026, 19:50
Paramount Extends Tender Offer for Warner Bros. Shares Amid Netflix Rivalry
- •Paramount Skydance Corp. has again extended its tender offer for Warner Bros. Discovery Inc. shares, pushing the new expiration date to February 20.
- •This extension provides investors more time to consider Paramount's proposal to acquire Warner Bros., a move initiated in September.
- •Paramount's tender offer, first launched on December 8, aims to counter Netflix Inc.'s deal to buy Warner Bros.' studios and streaming businesses.
- •Paramount CEO David Ellison plans to challenge the Netflix deal at the next Warner Bros. shareholders' meeting, advocating for Paramount's $30-a-share cash offer.
- •The Warner Bros. board continues to support the Netflix deal, despite Paramount's active campaign arguing its offer is financially superior and better for consumers.
Why It Matters: Paramount extends its tender offer for Warner Bros. shares, intensifying its battle against Netflix's acquisition bid.
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