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WBD tells shareholders Netflix deal is superior to Paramount offer: 'It was not a hard choice,' chairman tells CNBC
Paramount launched a hostile bid for WBD, taking a $30-per-share, all-cash offer directly to shareholders.
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bbc.com
Warner Bros to reject $108bn Paramount bid, reports say
Warner Bros will reportedly advise its shareholders to vote against the offer as early as Wednesday.
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theguardian.com
Warner Bros reportedly poised to reject Paramount’s $108bn hostile takeover bid
Decision will pave the way for Netflix to proceed with buyout of film and TV group
