Despite a $108 billion bid, Paramount is unlikely to acquire Warner Bros. after all. The American giant is expected to accept Netflix’s offer in the coming days.
The information comes from Bloomberg, which stated in a recent article that the Warner Bros. Discovery board of directors will recommend that investors reject Paramount’s proposal. Netflix’s offer is considered “more advantageous” for shareholders.
“After deliberating and reviewing Paramount’s offer, the Warner Bros. board of directors continues to believe that the company’s existing agreement with Netflix Inc. offers superior value, certainty, and terms to those proposed by Paramount.”
Although it seems unlikely, investors may choose to ignore the board’s recommendations and side with Paramount. In any case, video game licenses such as Mortal Kombat, Batman Arkham, and Hogwarts Legacy are expected to soon belong to Netflix.
