In this article

WBD

PSKY

Follow your favorite stocks CREATE FREE ACCOUNT

Paramount Skydance has already informed Warner Bros. Discovery it believes its $23.50 per share acquisition offer is in the best interest of shareholders. Now it has to plan on what to do if the WBD board disagrees.

WBD is openly for sale and intends to publicly announce its plans toward the middle or end of December, according to people familiar with the matter, who asked not to be named because the discussions are private. The legacy media giant, run by Chief Executive Officer David Zaslav, is deciding whether to split the company in two, sell some assets or sell the entire company.

Paramount has sent WBD's board multiple letters explaining why its offer is more valuable to shareholders than

See Full Page