Warner Bros investors torn on Paramount Skydance bid

Some investors criticise board’s rejection of Paramount’s offer, citing better regulatory chances

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Some of Warner Bros Discovery’s biggest investors are split on Paramount Skydance’s sweetened offer for the storied movie studio owner, giving the smaller media company a fighting chance at winning over shareholders.

Investors have until January 21 to accept Paramount’s latest $108.4bn proposal, paying them $30 a share, an offer the Warner Bros board says is inferior to its agreement to sell to Netflix.

Warner Bros investors torn on Paramount Skydance bid

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