Warner Bros. Discovery may reopen sale talks with Paramount: Bloomberg

Warner Bros. DiscoveryThe board is considering restarting sales talks Paramount Skydance after recently receiving an amended offer in which the terms of the agreement were relaxed, Bloomberg News It was reported Sunday, citing unnamed sources.

Warner Bros. In December, it agreed to sell both the movie studio and its HBO Max streaming service. netflix $27.75 per share. Paramount, which owns CBS and MTV, announced its deal with Warner Bros. in December. launched a hostile bid for the company, promising its shareholders $30 per share in an all-cash deal.

Last week, Paramount upped the ante by saying it would add a 25-cent-per-share fee to its offer if there were any delays in the deal being approved by regulators.

For each quarter in which the deal is not completed by December 31, 2026, the toll will be worth approximately $650 million in cash per quarter, CNBC.com previously reported.

Paramount also owns Warner Bros. He said that he would also cover the $2.8 billion termination fee paid to Netflix if the agreement was terminated. Paramount also said it would eliminate $1.5 billion in potential debt refinancing costs.

According to Bloomberg, both Paramount and Netflix, Warner Bros. They said they would be willing to increase their bids to secure a deal. However, according to the report, Warner Bros. for the first time evaluated whether Paramount’s offer might result in a better deal or encourage Netflix to offer better deal terms.

Read the full Bloomberg report here.

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