Warner Bros. bidding war
Digest more
The media company formally rejected a hostile takeover bid by Paramount and questioned the purported political advantages held by its unwanted suitor.
Warner Bros. Discovery CEO David Zaslav said Wednesday that the regulatory review of Warner’s deal with Netflix has begun, even as Paramount mounts a hostile takeover bid. Two senators are now coming forward and pressing Attorney General Pam Bondi to recuse herself from the review of the deal.
The visit came on the same day that WBD's board officially rejected Paramount Skydance's hostile bid for the company.
Affinity Partners had planned to back a bid by Paramount Skydance to acquire all the assets of media giant Warner Bros. Discovery.