Warner Bros Discovery’s board has urged shareholders to reject a $108.4 billion hostile takeover bid from Paramount Skydance, saying it failed to offer ample financing assurances. The board argued that the phrases of a rival merger cope with Netflix characterize “superior, extra sure worth for our shareholders”.
Warner Bros board rejects takeover bid from Paramount, favours deal with Netflix
Warner Bros Discovery's board has urged shareholders to reject a $108.4 billion hostile takeover bid from Paramount Skydance, saying it failed