Warner Brothers Discovery Bid Speculation

about 1 month ago

Lisa Mate

"And finally, I got to hit Warner Brothers, WBD, up as much as 3%. Um, so this is in the Wall Street Journal. They're saying that Paramount, Comcast, Netflix, they're preparing bids. They say there's apparent cut off for those bids of November 20th. And they're saying Warner Brothers hopes it to have it all wrapped up by the end of the year. You have the Bloomberg report that their CEO, David Zazl, they're kind of remending his contract to make sure his stock options remain eligible to vest, you know, and even if it's sold."

The speaker outlines developing takeover activity surrounding Warner Brothers Discovery (WBD), noting that bids from major players are expected before a November 20th cutoff, with hopes to finalize by year-end. The commentary is bolstered by news of the CEO's contract adjustment, which reinforces confidence in the strategic positioning amidst bidding rumors.

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