Warner Bros Discovery Urges Shareholders to Reject Paramount’s $108bn Takeover Bid
Warner Bros Discovery has advised its shareholders to turn down a $108.4bn (£80.75bn) takeover proposal from Paramount Skydance, signalling its preference for a separate deal already agreed with streaming giant Netflix. In a statement to investors, the company’s board said it had unanimously concluded that the Paramount-backed offer was not in the best interests of…
