Warner Bros. Discovery Confirms Receipt of Amended, Unsolicited Tender Offer from Paramount Skydance

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NEW YORK, Dec. 22, 2025 /PRNewswire/ -- Warner Bros. Discovery, Inc. ("Warner Bros. Discovery" or "WBD") (NASDAQ: WBD) today confirmed that it has received an amended, unsolicited tender offer from Paramount Skydance Corporation ("Paramount Skydance" or " PSKY") (NASDAQ: PSKY) to acquire all of the outstanding shares of Warner Bros. Discovery common stock (the "Amended Tender Offer").

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