Nov. 26 at 11:42 AM
$WBD asking for 2nd-round bids by Dec. 1, that are higher than the original proposals
Following the submission of the new bids, the company “may enter a period of exclusive negotiations with one of the companies”
1st-round of non-binding offers for WBD were submitted on Nov. 20, from
$PSKY $CMCSA &
$NFLX
WBD board last week amended the employment agreements w/ top WBD execs to guarantee their stock options will remain valid in the event of a sale
Rumour: WBD expect to the process to be essentially concluded by Christmas