Paramount Skydance Raises Warner Bros Offer to $31 Per Share, Tops $108.4B
Paramount Skydance raised its takeover offer to $31 per share, up from $30, boosting the total valuation above $108.4 billion for Warner Bros Discovery. This escalated bid enhances financing certainty and counters Netflix’s competing proposal, likely intensifying Paramount Skydance stock trading ahead of Warner’s decision.
1. Paramount Skydance Raises Offer
Paramount Skydance raised its takeover offer for Warner Bros Discovery to $31 per share, up from $30, pushing the total valuation to over $108.4 billion. The revised bid aims to shore up financing certainty and intensify pressure on Warner’s board to weigh Paramount’s proposal against Netflix’s competing bid.
2. Market Response and Next Steps
Paramount Skydance shares are likely to see elevated trading volumes as investors react to the escalated bid and looming decision deadline. Warner Bros set a February 23 deadline for best-and-final offers, and market participants will monitor whether Netflix counteracts with a higher proposal or concedes the deal.