Centerview, RedBird Advise Paramount on $108 Billion Netflix Bid

Paramount Skydance Corp. is relying on Centerview Partners and RedBird Advisors for lead financial advice in its hostile takeover bid for Warner Bros. Discovery Inc.

Bank of America Corp. and Citigroup Inc., along with M. Klein & Co. — the advisory firm led by Michael Klein - are also co-advising Paramount on the $108 billion offer, according to a statement Monday. Bank of America, Citigroup and Apollo Global Management Inc. are providing up to $54 billion in financing to support the bid.

Centerview and RedBird were both involved in the merger that created Paramount Skydance last year, with RedBird ...