Plex Submits $35 Bid to Acquire Warner Bros. Discovery
By
The Onion Staff
Sat on the counter overnight. Well past its best.
Summary
Plex CEO Keith Valory announced that the streaming platform has submitted a $35 bid to acquire Warner Bros. Discovery, citing the Harry Potter and DC universes as valuable additions to their free-to-stream library. The bid represents an increase from their initial $15 offer, with payment terms including four installments over 10 years or $6 upfront plus additional payments.
Key quotes
· 3 pulledWe believe the Harry Potter and DC universes will prove excellent additions to our slate of free-to-stream titles including Petticoat Junction and Party Mamas
the deal a 'significant upgrade' on their initial offer of $15
the company was willing to pay the $35 in four installments over the next 10 years, or $6 up front plus $2
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