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Hostile Bid

All articles tagged with #hostile bid

GameStop bids $55.5B to buy eBay, signaling a potential hostile takeover
business26 days ago

GameStop bids $55.5B to buy eBay, signaling a potential hostile takeover

GameStop offered to buy eBay for $55.5 billion at $125 per share (half cash, half stock), a bid that could turn hostile if rebuffed. GameStop owns about 5% of eBay and says it could use its 1,600 stores as authentication, fulfillment, and live‑commerce hubs. CEO Ryan Cohen argues the merger could unlock hundreds of billions in value and plans roughly $2 billion in annual cost cuts funded by a $20 billion loan and potential external investors. EBay has not commented on the offer, while posting strong Q1 results and moving ahead with the $1.2 billion Depop acquisition to attract younger shoppers.

via The Guardian|
#business#cost-cutting#ebay
Paramount sweetens Warner Bros. Discovery bid with ticking fee and Netflix termination payout
business3 months ago

Paramount sweetens Warner Bros. Discovery bid with ticking fee and Netflix termination payout

Paramount Global is pushing its hostile bid for Warner Bros. Discovery by keeping a $30-per-share all-cash offer, adding a $0.25-per-share ticking fee for each quarter the deal stays open past December 31, 2026, and agreeing to pay Netflix a $2.8 billion termination fee if Warner Bros. Discovery rejects Netflix’s bid (with Netflix owing Paramount $5.8 billion if it withdraws). The package is backed by roughly $43.6 billion in equity and $54 billion in debt commitments plus a personal guarantee from Larry Ellison, and Paramount has extended the tender offer to February 20 after complying with a DOJ information request.

via The Hollywood Reporter|
#business#hostile-bid#netflix
Paramount Extends Deadline to Win WBD Support in Hostile Bid
business4 months ago

Paramount Extends Deadline to Win WBD Support in Hostile Bid

Paramount has extended the deadline for Warner Bros. Discovery shareholders to back its all-cash hostile bid to February 20, after CEO David Ellison and backers have been meeting with WBD investors to persuade tendering of shares. Paramount is preparing a proxy fight to elect directors who back its $30-a-share offer (about $108.4 billion enterprise value) and has called for more transparency as WBD plans a spring split, with Paramount even securing a personal guarantee from Larry Ellison to back part of the proposal.

via Deadline|
#business#hostile-bid#mergers-and-acquisitions