Paramount Skydance extends Warner Bros takeover bid offer

The Ellison-owned media giant will now give investors until February 20 to consider its bid.

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Paramount Skydance has extended the deadline for its hostile tender offer for Warner Bros Discovery by a month, buying time to persuade investors that its bid is superior to one from Netflix.

The Ellison-owned media company on Thursday moved the deadline to February 20 to consider its $77.9bn offer to buy Warner shares for $30 apiece in cash. The bid has a total enterprise value of more than $108bn, including debt.

Paramount Skydance extends Warner Bros takeover bid offer

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