Jan. 9 at 10:46 AM
🎬🔥
$PSKY jumps premarket as the media takeover fight escalates
Paramount Skydance just reaffirmed its
$30 ALL-CASH bid for
$WBD, calling it clearly better than Netflix’s rival deal. PSKY says the
$NFLX offer is really worth only ~
$27.42/share after accounting for a weaker stock price and a questionable Discovery Global spinoff.
💣 Why PSKY says it wins:
•
$30 cash vs. stock-heavy alternatives
• Larry Ellison personally backing the
$40B equity portion
•
$54B in committed financing
• More certainty + faster close for WBD holders
📈 PSKY up ~3% premarket as traders price in leverage.
⚠️ Risks remain: WBD board pushback, big breakup fees, regulators, and Trump.
The media M&A soap opera isn’t done yet. 🍿
$PSKY $WBD $NFLX