In a high-stakes auction, Skydance readies a shareholder-focused strategy to counter Netflix’s cash-heavy bid and potential antitrust hurdles Paramount Skydance is reportedly preparing a contingency strategy as Netflix appears to gain momentum in the high-stakes auction for Warner Bros. Discovery (WBD), according to sources familiar with the matter. With the media giant evaluating competing offers, Paramount Skydance’s “Plan B” aims to appeal directly to shareholders should the board lean toward Netflix, potentially circumventing traditional approval channels. Netflix has tabled a majority cash offer to acquire the Warner Bros. studio and HBO Max, while Paramount Skydance has proposed an all-cash acquisition … Continue reading Paramount Skydance Prepares “Plan B” as Netflix Emerges as Front-Runner for Warner Bros. Discovery