Warner Bros. Discovery Target Raised to $31 on $31 Paramount Skydance Bid
Deutsche Bank upgraded Warner Bros. Discovery’s price target to $31 after the board deemed Paramount Skydance’s $31-per-share bid superior to Netflix’s $27.75 offer but maintained a Hold rating citing limited upside. The bank projects the merged WBD–PSKY entity will possess comprehensive content libraries and clear regulatory review with minimal friction.
1. Board Accepts $31 Paramount Skydance Bid
Warner Bros. Discovery’s board concluded that the $31-per-share offer from Paramount Skydance outstrips Netflix’s $27.75 proposal for its streaming and studios division, formally positioning the PSKY bid as the superior transaction.
2. Deutsche Bank Raises Target, Maintains Hold
In response, Deutsche Bank lifted its price target on Warner Bros. Discovery shares to $31 but downgraded the outlook to Hold, citing constrained upside potential despite the attractive acquisition terms.
3. Combined Entity’s Competitive and Regulatory Outlook
Deutsche Bank forecasts the merged company will wield extensive content and intellectual property assets to rival Netflix globally, and anticipates a smooth antitrust review process with minimal regulatory obstacles.