Warner Bros Discovery rejects Paramount’s $108.4 billion bid again, sticks with Netflix deal
Warner Bros Discovery’s board rejected Paramount Skydance’s $108.4 billion hostile bid, reaffirming support for its $82.7 billion agreement with Netflix. Warner urged shareholders to ignore Paramount’s $30-per-share cash offer, citing high debt and a $4.7 billion breakup cost. Netflix welcomed the decision. Paramount did not comment.