Warner Bros. Discovery Rejects Paramount’s Latest Offer As “Inferior” To Netflix Deal
The Warner Bros. Discovery board, as expected, advised shareholders to reject an amended takeover offer from Paramount, calling the bid “inferior” to a signed deal with Netflix given the higher costs, risks and uncertainties. “Your Board negotiated a merger with Netflix that maximizes value while mitigating downside risks, and we unanimously believe the Netflix merger […]
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