Warner Bros. rejects revised Paramount bid, tells shareholders to stay with Netflix
Arts & entertainment2026-01-07
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Warner Bros. Discovery's board has unanimously turned down Paramount Skydance's latest attempt to acquire the studio, saying its revised $108.4-billion US hostile bid amounted to a risky leveraged buyout that investors should reject. The board repeated their commitment to Netflix's offer, which they say offers more value and certainty.
Source: CBC
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