Warner Bros. opens door to Paramount
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And with investor interest in the deal sure to be high, the company explained in a letter from CEO David Ellison that it views the megadeal as a key strategic effort: “While we are confident in our standalone strategy and growth trajectory for Paramount, we view WBD as an accelerant to achieving these goals more quickly.”
As the deal drama surrounding Warner continues to heat up, it has caused a rift in Hollywood's creative community.
Feb 24 (Reuters) - Warner Bros Discovery on Tuesday opened the door to Paramount Skydance after its CEO, David Ellison, raised the offer to $31 per share. The Warner board determined that Paramount's revised bid,
The exec left Paramount last year amid the Skydance merger.
Warner Bros. Discovery says it’s reviewing a new takeover offer from Paramount, but it continues to recommend a competing proposal from Netflix to its shareholders in the meantime. In preparation for opening,