Paramount SkyDance Raises Offer to $31 Per Share for Warner Bros Assets
Paramount SkyDance Corp raised its bid for Warner Bros Discovery studio assets to $31 per share, topping Netflix’s $27.75 valuation and valuing assets at $82.7 billion. The board has until February 23 to choose between rival offers ahead of a March 20 shareholder vote on Netflix’s proposal.
1. Paramount SkyDance Raises Offer
Paramount SkyDance Corp raised its bid for Warner Bros Discovery’s studio and streaming assets to $31 per share, outbidding Netflix’s $27.75 proposal and valuing those assets at $82.7 billion.
2. Bidding Timeline and Vote
Both potential acquirers have until February 23 to submit binding offers, while Warner Bros Discovery has set a March 20 shareholder vote on Netflix’s proposal, creating a tight timetable for final bids.
3. Warner Bros Board Considerations
Paramount’s higher offer has drawn the board’s attention, which must weigh the $31 per share price against Netflix’s production investment plans and combined studio synergies.
4. Potential Market Impact
A successful acquisition could boost Paramount SkyDance’s share price on heightened deal speculation, while Netflix may counter with a raised offer to secure the studio assets.