NasdaqGS:PSKYMedia
Paramount Skydance’s Hostile Warner Bros. Bid Tests Undervalued Stock Thesis
Paramount Skydance (NasdaqGS:PSKY) has launched an escalating hostile takeover bid for Warner Bros. Discovery, including an all cash proposal.
The company has filed a lawsuit alleging foul play and is threatening a proxy fight to push the deal through.
Netflix is also pursuing Warner Bros. Discovery, turning the situation into a high stakes contest for control of a major media group.
Paramount Skydance, trading at $11.55, is pushing aggressively to reshape its position in the media sector...