Key Highlights
- The amended bid with a series of sweeteners led to some WBD shareholders, including activist investor Ancora Capital, becoming vocal that the board needed to consider all options.
- Watch on Deadline WBD’s boilerplate response last week said it was reviewing the amended offer from Paramount but, meanwhile, was sticking with Netflix.
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- Studios and streaming assets for $27.75 a share, all in cash.
- The giant streamer had improved that from an initial cash and stock deal amid ongoing pressure.
