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Warner Brothers Discovery (WBD) stockholders
Posted on 12/15/25 at 5:10 pm
Posted on 12/15/25 at 5:10 pm
Got an email from Schwab today about a Tender offer. It's $30 per share from Paramount. Anyone else get that? The stock has been trading around $30 anyway. Down a little today but just wondering if anyone is accepting their tender?
4
Posted on 12/15/25 at 5:24 pm to Sho Nuff
Ran in here to make this same topic. Also Schwab. I opted in, I can change until Jan 7. What's the smart move here?
Posted on 12/15/25 at 5:30 pm to deeprig9
Not sure, that's why I made the thread 
It seems to me if the stock is already trading at $30, then I'm not really getting a premium from Paramount+.
It seems to me if the stock is already trading at $30, then I'm not really getting a premium from Paramount+.
Posted on 12/15/25 at 5:49 pm to Sho Nuff
I think your other option is to take the $27/sh offer from Netflix pending FCC approval
Posted on 12/15/25 at 6:04 pm to Shepherd88
Ok, so I do have to make a choice in a way then. This Tender is obviously optional, but if it's going to come down to $27 from Netflix or $30 from Paramount+, I'd take Paramount+ even at the same $27.
Posted on 12/15/25 at 6:35 pm to Sho Nuff
Unless you feel that NFLX has higher upside than PSKY. Who really knows though!
Posted on 12/15/25 at 7:32 pm to Sho Nuff
quote:
Not sure, that's why I made the thread
It seems to me if the stock is already trading at $30, then I'm not really getting a premium from Paramount+.
I opted in because it basically breaks me even on the stock, I bought years ago, and forgot I even owned until that Schwab email today.
Posted on 12/15/25 at 8:16 pm to Shepherd88
The Netflix offer excludes the linear assets, which is still WBD’s most profitable unit despite shrinking.
I’ll take my chances with Netflix offer, even if presumes the deal will need an additional 12 months to close to wait out the current adminIstration.
I’ll take my chances with Netflix offer, even if presumes the deal will need an additional 12 months to close to wait out the current adminIstration.
Posted on 12/15/25 at 8:34 pm to Sho Nuff
Posted on 12/16/25 at 12:44 pm to lsuconnman
quote:
The Netflix offer excludes the linear assets, which is still WBD’s most profitable unit despite shrinking.
So how does that work? NTFLX does $27/share so what happens with the linear assets value to me?
Posted on 12/16/25 at 1:06 pm to Sho Nuff
It becomes a standalone company under a new ticker. It will either be shopped to someone like Sinclair or Nexstar. If that doesn’t pan out, they run the operation and just sell assets one by one until until nothing g is left.
WBD significantly restructured its debt last summer, and attached the bonds to the linear assets. The holders were given the option to cash out, or stay the course.
Most importantly, if they didn’t sell they were forced to agree that if their debt is restructured after the split creditors are prohibited from collectively bargaining with any other creditors.
The linear side has a lot of promise after they renegotiate discounts or restructure.
WBD significantly restructured its debt last summer, and attached the bonds to the linear assets. The holders were given the option to cash out, or stay the course.
Most importantly, if they didn’t sell they were forced to agree that if their debt is restructured after the split creditors are prohibited from collectively bargaining with any other creditors.
The linear side has a lot of promise after they renegotiate discounts or restructure.
Posted on 12/16/25 at 1:55 pm to lsuconnman
quote:
It becomes a standalone company under a new ticker.
Got it, thanks. That's interesting how that works. I don't like Netflix so I may still accept the Tender by P+ but obviously the Netflix deal has more potential. I don't have a lot of shares so it's really not that big of a deal either way I guess.
Posted on 12/16/25 at 3:14 pm to Sho Nuff
there’s reporting today that WBD board will recommend to major shareholders to opt for the NFLX deal with is 28 dollars in cash and stock
(retail don’t matter in case you were wondering)
(retail don’t matter in case you were wondering)
Posted on 12/16/25 at 3:35 pm to cgrand
If PSKY can get 51% to accept their tender it will override the board.
That’s why the Ellison PR team is in overdrive pumping out articles about every problem on earth with Netflix’s ability to get the deal across the line. PSKY has the same issues. But, realistically it seems like they’re just want to scuttle any deal that doesn’t include them.
That’s why the Ellison PR team is in overdrive pumping out articles about every problem on earth with Netflix’s ability to get the deal across the line. PSKY has the same issues. But, realistically it seems like they’re just want to scuttle any deal that doesn’t include them.
Posted on 12/16/25 at 3:35 pm to cgrand
quote:
there’s reporting today that WBD board will recommend to major shareholders to opt for the NFLX deal with is 28 dollars in cash and stock
(retail don’t matter in case you were wondering)
Got it, thanks!
Posted on 12/16/25 at 3:40 pm to Sho Nuff
I have a very small position in WBD so nothing life-changing, but I'm up over 200% with them. I'm thinking of agreeing to sell a quarter of my current position (to cover my cost basis) and then just letting the rest of it go wherever this corporate buyout nonsense takes it. I assume I get any tendered shares back if Paramount can't secure its majority.
Posted on 12/16/25 at 4:08 pm to messyjesse
It’s all or nothing. You’re either for the hostile takeover or you’re against it. If you partially tender shares…it just counteracts the ones you don’t.
Posted on 12/16/25 at 5:06 pm to lsuconnman
quote:there are motivations for that that have nothing to do with the relative merit to WBD stockholders of the two bids. if i were at WBD holder i know what i would choose, but again, retail is irrelevant here. WBD is 75% held by institutions and 5% by insiders, whatever they decide to do will decide the outcome
That’s why the Ellison PR team is in overdrive pumping out articles about every problem on earth with Netflix’s ability to get the deal across the line. PSKY has the same issues. But, realistically it seems like they’re just want to scuttle any deal that doesn’t include them.
Posted on 12/17/25 at 12:50 pm to Sho Nuff
Rejected, already sold half my shares at 25 and made a little profit. I'm ready to play this out to the end.
Posted on 12/18/25 at 12:09 am to Rowdy Roscoe
quote:
I'm ready to play this out to the end.
Same
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