Warner Bros. Discovery Takeover Offer Rises to $31 Per Share
Paramount has increased its cash offer to $31 per share for Warner Bros. Discovery, marking a fresh premium in the ongoing takeover contest. Analysts forecast Warner’s Q4 revenue will decline 6.4% year-on-year after reporting $9.05 billion last quarter, with average price target at $29.21.
1. Paramount Raises Offer to $31 Per Share
Paramount has increased its all-cash bid for Warner Bros. Discovery to $31 per share, intensifying the takeover contest and representing a premium over recent trading levels. Warner’s board is reviewing the proposal to determine if it could spur even higher offers.
2. Q4 Revenue Forecast and Past Performance
Warner reported $9.05 billion in revenue last quarter, down 6% year-on-year, after missing top-line estimates but beating on adjusted operating income. Analysts now expect Q4 revenue to fall 6.4% year-on-year ahead of Thursday’s earnings release.
3. Analyst Price Targets and Peer Context
Analysts have reconfirmed forecasts over the past month, setting an average price target of $29.21, below the new takeover bid. In the same media segment, Warner Music Group saw 10.4% revenue growth and News Corp posted a 5.5% increase, underscoring varied sector performance.