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Warner Bros Jumps as Competing Offers Force a Repricing of Its Core Assets

Investing.com Logo Investing.com By Timothy Fries
Warner Bros Jumps as Competing Offers Force a Repricing of Its Core Assets

Paramount Skydance Corporation launched an all-cash tender offer to acquire Warner Bros. Discovery at $30.00 per share, a 139% premium over its previous price, competing with Netflix's earlier $72 billion acquisition proposal.

Insights
WBD   positive

Stock jumped 6.28% with a competing tender offer at a significant premium, providing substantial shareholder value