Paramount's Deadline: The Clock Is Ticking
Paramount's hostile bid deadline looms February 20 — The clock is ticking on David Ellison's $108 billion offer for Warner Bros. Discovery. WBD has effectively said no, favoring Netflix's clean cash. In this episode of The Option, we breakdown: The "ticking fee" strategy: delaying the vote costs money Why cash (Netflix) beats debt-backed offers (Paramount) in high-rate environments Paramount's shrinking leverage and "plan B" options The risk of a failed bid: what happens to Paramount's stock price? Larry Ellison's role as the financier of last resort Key takeaway: Desperation is not leverage…
The skinny
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