Warner Bros. Discovery's board still sees its deal with Netflix as the superior option over Paramount's recently amended hostile offer.
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The Warner Bros. Discovery
board on Wednesday once again unanimously recommended that WBD shareholders reject a hostile takeover offer from Paramount Skydance
The board said it continued to believe the Paramount bid is “inferior” to a previously announced deal with Netflix
to buy WBD’s studio and streaming business for $72 billion.
Paramount launched a hostile bid for WBD, taking a $30-per-share, all-cash offer directly to shareholders.
The board of directors at Warner Bros. Discovery announced Wednesday that it unanimously urges shareholders to reject the bid by…
The Warner Bros board said it remained unanimous in recommending the deal with Netflix instead.
If Warner’s board changes course and deems Paramount’s latest offer superior, Netflix will be able to revise its bid.
If WBD deems the new Paramount offer superior, Netflix will have four days to improve its previously agreed-upon bid.
WBD had agreed to sell to Netflix but Paramount swiftly countered with an all-cash offer, which WBD’s board is calling…
Warner Bros. Discovery board rejects Paramount's offer, still wants Netflix deal - UPI.com
Warner Bros urges shareholders to reject 'inferior' Paramount offer
Warner Bros again rejects latest hostile bid from Paramount
Warner Bros Rejects Revised Paramount Takeover Bid
Warner Bros. rejects Paramount's latest bid to acquire studio
Warner Bros Discovery tells investors to reject latest $108bn hostile Paramount bid
Paramount calls $30-per-share for Warner Bros. Discovery ‘superior’ - UPI.com
