- Warner Bros. Discovery has rejected three takeover offers from Paramount Skydance, CNBC’s David Faber reported.
- The last offer came in just under $24 per share and was comprised of 80% cash, Faber reported.
- WBD said this week it had received “unsolicited interest” from multiple parties.
Warner Bros. Discovery has rejected three Paramount Skydance takeover offers as it fields broad buyout interest, CNBC’s David Faber reported Wednesday, citing sources.
Paramount’s last offer was for just under $24 per share and comprised of 80% cash, according to Faber, who previously reported a bid could come in at between $22 and $24 per share.
WBD said on Tuesday it had received “unsolicited interest” from multiple parties and that it would expand its strategic review process to review all bids. At the same time, the company is moving ahead with previously announced plans to separate into two entities: a streaming and studios business and a global networks business.
Faber reported Tuesday that Netflix and Comcast were among the interested parties.
This story is developing. Please check back for updates.
