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It feels inevitable, but Paramount is going to have to try just a little bit harder. Warner Bros. Discovery finally openly admitted that they would listen to sensible offers, when Paramount Skydance came in with a second offer just days after the first one.
This time around, according to Deadline, Paramount Skydance came in at $24 a share, up from their first bid of $20 just over a week ago. The result? Warner’s have declined again.
Paramount Skydance is expected to come in again, but the report says that spokespersons for either side are not returning calls right now.
David Ellison – Paramount Skydance
The upcoming quarterly results calls with analysts will be interesting on all sides.
Netflix was also rumored to be in the running, but they already had their 3rd quarter call and co-CEO Greg Peters referred directly to a bid as “unlikely”. Meanwhile, Universal owner Comcast is thought to be put off by potential antitrust and competition issues.
Others may come in if the planned company split happens, when the two units would be Warner Bros. for the studio & streamers, and Discovery Global for linear television. So it is in the interests of Paramount Skydance to try and get this done before other bidders enter the fray.
The post Paramount Back In, Warner’s Reject Again appeared first on Last Movie Outpost.
