Paramount Skydance Enhances Bid for Warner Bros. Discovery

Paramount Skydance (PSKY) has strengthened its offer for Warner Bros. Discovery Inc by agreeing to cover Netflix's $2.8 billion termination fee and supporting Warner Bros.’ debt refinancing. According to NS3.AI, Paramount's proposal is backed by significant financial support from major investors and institutions, demonstrating its commitment with an all-cash offer of $30 per share. Warner Bros. Discovery is set to review Paramount’s revised proposal before providing guidance to its shareholders. The market has responded with modest gains in the stocks of both PSKY and NFLX.