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Maroc Maroc - WN.COM - Business - 17/12/2025 19:58

Warner Bros Discovery board rejects rival bid from Paramount

Warner Bros Discovery's board spurned Paramount Skydance's $108.4bn hostile takeover bid Wednesday, calling the offer 'illusory' as it accused the studio giant of misleading shareholders about its financing. Paramount and Netflix have been in a race to win control of Warner Bros, and with it, its prized film and television studios, HBO Max streaming service and franchises like 'Harry Potter.' After Warner Bros accepted the streaming giant's offer, Paramount launched a hostile offer to outdo that bid. In a letter to shareholders Wednesday, the Warner Bros board wrote that Paramount had 'consistently misled' them by saying its $30-per-share cash offer was fully guaranteed, or 'backstopped,' by...

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Warner Bros again rejects latest hostile bid from Paramount

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WBD board says the offer 'remains inadequate' as some investors push back.

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Warner Bros. Discovery Rejects Paramount’s Latest Offer As “Inferior” To Netflix Deal

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The Warner Bros. Discovery board, as expected, advised shareholders to reject an amended takeover offer from Paramount, calling the bid “inferior”...

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