WBD rejected three Paramount offers, all below $24/share: source

Warner Bros. Discovery Three are rejected Paramount Skydance CNBC’s David Faber, citing sources, reported Wednesday that buyer interest in the takeover offer is widespread.

Paramount’s last offer was just under $24 per share and was 80% in cash, according to Faber. previously reported The bid could come between $22 and $24 per share.

WBD said on Tuesday that it had received “unexpected interest” from multiple parties and that it would Expand its policy review process To review all bids. At the same time, the company is moving forward with previously announced plans to split into two entities: a streaming and studio business and a global network business.

Faber informed this on Tuesday Netflix And Comcast were among the interested parties.

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