Paramount pushes the deadline to approve its offer to buy Warner Bros. Discovery - UPI.com

Jan. 22 (UPI) -- Paramount Skydance extended the deadline for shareholders to accept its hostile bid to buy Warner Bros. Discovery.

The deadline was Wednesday, but it has been extended to Feb. 20, Paramount said in a press release.

Paramount CEO David Ellison and his senior executive team and financial backers have been meeting with WBD investors recently to push them to accept Paramount's offer, Deadline reported. Paramount has said it will launch an effort to elect board members who will endorse its offer.

In October, Warner Bros. said it was open to accepting offers after getting unsolicited ones. After a bidding war between Netflix and Paramount Skydance, Warner Bros. announced on Dec. 5 that it would accept Netflix's offer.

Paramount pushes the deadline to approve its offer to buy Warner Bros. Discovery - UPI.com

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