Bankers involved in the decision say the board’s review is expected given the contentious – and potentially litigious – trajectory of the contest for the company known as WBD, which controls the famed Warner studio, HBO Max streaming service and cable properties such as CNN, Discovery and TNT. In a statement late Monday, WBD’s board said it “will carefully review and consider Paramount Skydance’s offer in accordance with the terms of Warner Bros. Discovery’s agreement with Netflix” and will advise shareholders upon completing the review. Those cable properties will be sold to investors in a spin out deal that WBD believes will put their value at as much as $4 a share, for a combined $31.75 offer when you figure in Netflix’s $27.75 a share offer for the streaming and studio.
Author: Charles Gasparino
Published at: 2025-12-22 23:38:39
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