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Paramount Skydance won’t take no for an answer, as it improved its offer Monday to buy Warner Bros. Discovery, not by raising the price per share it will pay, but by addressing concerns over financing.
When Warner Bros.
WBD rejected Paramount’s PSKY $108 billion offer last week — which included a per-share valuation of $30 — the company raised concerns that an “unknown and opaque revocable trust” had backed the equity commitment of $40.7 billion. The company had basically questioned, Why didn’t the Ellison family, with its “ample resources,” back the deal?
