A surprise bid from a Singaporean firm, Nobelis Capital, Pte. Ltd., was made for $32.50 per share by Warner Bros. Discovery (WBD), but an investigation by WBD suggested that something was off. The company's legal and financial advisors were unable to verify that Nobelis owns or controls any material assets and could not find the purported deposit at J.P. Morgan. The surprise bid also included a deal with WBD CEO David Zaslav for a tax reimbursement program, potentially offsetting taxes owed due to the merger's size of the excise taxes resulting from the merger. However, the tax reimbursement could be as high as $335 million, which would give him a total payout of nearly $887 million.