Richard Y WBD 10 months ago #1$WBD $PSKY NFLX offers $27.75 for S&S while PSKY offers $30 for whole company (S&S and Discovery Global). Since elder Ellison did not pay $2.8 billion ( $1.66/share) break-up fee, the all-cash $30 - $1.66 =$28.34 will be what WBD will be getting, and the difference between NFLX and PSKY is $0.59 only ($28.33 - $27.75). That means Ellison wants to buy Discovery Global for $0.59 only. To WBD, that is not a Superior offer.