Warner Bros. will reject Paramount bid for Netflix deal
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Reasons Warner Bros. Discovery listed for rebuffing David Ellison include an incendiary and unfortunately timed letter from Paramount's lawyers.
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Paramount throws in more cash in bid for Warner; Comcast wants to combine assets with NBCUniversal
Jockeying for HBO-owner Warner Bros. Discovery has intensified as the auction appears to enter its home stretch.
Warner Bros Discovery’s board on Wednesday told investors to reject Paramount’s $108bn hostile bid for the Hollywood media group, saying it was inferior to an $83bn deal agreed with Netflix. The letter from WBD’s board is the latest twist in a takeover saga that stands to reshape Hollywood, regardless of which suitor eventually succeeds.
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