BUZZ-Paramount falls after report says Netflix in lead to acquire Warner Bros Discovery
Shares of media major Paramount Skydancefall 2.4% to $14.32Netflixleads the bidding for Warner Bros Discovery, says CNBC, with PSKY and Comcastalso participatingPSKY has questioned WBD on “fairness and adequacy” of the sale process, CNBC reports, citing letter from PSKY attorneysLetter highlights media reports that WBD’s management appears to favor Netflix’s offer, CNBC saysNFLX and CMCSA submitted second-round bids this week to acquire some or all of WBD assetsAs of last close, PSKY up ~40% YTD
Shares of media major Paramount Skydance (PSKY.O) fall 2.4% to $14.32
Netflix (NFLX.O) leads the bidding for Warner Bros Discovery (WBD.O) , says CNBC, with PSKY and Comcast (CMSA.O) also participating
PSKY has questioned WBD on “fairness and adequacy” of the sale process, CNBC reports, citing letter from PSKY attorneys
Letter highlights media reports that WBD’s management appears to favor Netflix’s offer, CNBC says
NFLX and CMCSA submitted second-round bids this week to acquire some or all of WBD assets
As of last close, PSKY up ~40% YTD
