Warner Bros Rejects Revised Paramount Bid, Sticks With Netflix
An anonymous reader quotes a report from Reuters: Warner Bros Discovery’s board unanimously turned down Paramount Skydance’s latest attempt to acquire the studio, saying its revised $108.4 billion hostile bid amounted to a risky leveraged buyout that investors should reject. In a letter to shareholders on Wednesday, Warner Bros’ board said Paramount’s … ⌘ Read more