Paramount Extends Warner Bros. Discovery Tender Offer Deadline to Feb. 20

Paramount Skydance has issued a second extension on its $30 per share tender offer for Warner Bros. Discovery.

The offer, which was set to expire on Wednesday at 5 p.m. ET, will now be extended to Feb. 20. The latest extension comes after the deadline was pushed from Jan. 8 to Jan. 21 in December.

The $108.4 billion bid is backed by Oracle co-founder Larry Ellison’s irrevocable personal guarantee towards $40.4 billion of the equity financing, and $55 billion in debt financing from Bank of America...