Warner Bros. Discovery Says It’s Reviewing Paramount’s Revised Takeover Offer

Warner Bros. Discovery confirmed today it had a received a revised offer from Paramount and is reviewing it in consultation with our financial and legal advisors.

“We will update our shareholders following the Board’s review. The Netflix merger agreement remains in effect, and the Board continues to recommend in favor of the Netflix transaction. WBD shareholders are advised not to take any action at this time with respect to the amended PSKY tender offer.”

More to come