Paramount Skydance Likely Preparing $22 To $24 Per Share Bid For Warner Bros. Discovery: Report
Synopsis
According to a CNBC report, the formal bid could be in the form of 70% to 80% cash, partly backed by Oracle co-founder Larry Ellison.
Paramount Skydance Corp (PSKY) is reportedly preparing a takeover bid for Warner Bros. Discovery (WBD), with an offer between $22 and $24 per share.
According to sources cited by a CNBC report, the takeover proposal may arrive later than some expected. The report stated that the formal bid could be in the form of 70% to 80% cash, partly backed by Oracle co-founder Larry Ellison. The remaining part could be paid via stock, it said.
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