Warner Bros. Discovery Shareholder Calls on Netflix to Revise Offer After Paramount Clarifies All-Cash Bid
One Warner Bros. Discovery shareholder is calling for Netflix to revise its bid to acquire after WBD after Paramount clarified its all-cash offer. Mario Gabelli, the CEO of GAMCO Investors as well as a WBD shareholder, called on Netflix Monday morning to “simplify [the] structure” of its bid.
“Netflix needs to simplify structure … and increase cash portion … tax issues such as basis allocation for taxable holders needs focus,” Gabelli wrote on X.
Representative for Netflix did not immediately respond to TheWrap’s request for comment.
More to come …
The post Warner Bros. Discovery Shareholder Calls on Netflix to Revise Offer After Paramount Clarifies All-Cash Bid appeared first on TheWrap.
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