Warner Bros Discovery (WBD) sets shareholder vote date for Netflix (NFLX) bid on March 20th and unanimously recommends shareholders reject latest Paramount (PSKY) offer
Importance
Level 1
- WBD to open negotiations with Paramount.
- Remains 'fully committed' to closing deal with Netflix.
- Gives Paramount a week to negotiate a better deal.
- Paramount exec verbally offered USD 31/shr.
- Netflix agreed to give Warner Bros 7 days to negotiate with Paramount.
- Paramount exec said a USD 31/shr wasn't 'best and final proposal'.
- WBD expects Paramount to offer above USD 31/shr.
#UNITED STATES#USD#EUR#JAPAN#JPY#UNITED KINGDOM#GBP#ASIA#EUROPE#NETFLIX INC#NFLX.US#IMPORTANT#FOREX#EQUITIES#METALS#EU SESSION#US SESSION#GOLD#MOVIES & ENTERTAINMENT#METALS & MINING#ENTERTAINMENT#MEDIA & ENTERTAINMENT#S&P 500 INDEX#NASDAQ 100 INDEX#NFLX#WARNER BROS DISCOVERY INC#WBD#DXY#US EQUITIES