US EditionWarner Bros. board rejects $108.4 billion Paramount bid, saying Netflix deal still superior
Warner Bros. Discovery board cited Paramount's financing risks and endorsed Netflix's offer for superior certainty and shareholder value amid a monthslong bidding battle.
- Warner Bros. Discovery's board rejected Paramount Skydance's $108.4 billion acquisition bid, citing inadequate financing assurances and risks to shareholders.
- Paramount's Chair Samuel A. Di Piazza, Jr. stated that Paramount's proposals have been consistently inadequate and that the Netflix deal offers superior value.
- Paramount claims its cash offer provides immediate value, while Warner Bros. emphasized that it relies on unsecured trust funding, presenting risks to investors.
- Netflix co-CEO Ted Sarandos welcomed the Warner Bros. board's rejection of Paramount's bid, stating that their offer is in the best interests of shareholders.
282 Articles
282 Articles
"Illusory and misleading" offer. Netflix wins
The Washington Hispanic
Warner Bros Discovery rejected on Wednesday a counteroffer from its competitor Paramount presented last week, which sought to thwart Netflix's streaming giant's plans to acquire the film and television company. In a statement, Warner Bros Discovery stated that its board unanimously determined that Paramount's hostile offer "is not in the interests of WBD." Since the war began in September, this was Paramount's sixth bid by WBD, the iconic Hollyw…
Business - Warner Bros. rejects Paramount's bid, accuses it of "consistently misleading" shareholders
Warner Brothers Discovery has rejected Paramount Skydance's hostile takeover bid, saying it carries many risks and is inferior to Netflix's offer. The company's board said the Ellison family that controls Paramount "consistently misled" them about guarantees and urged shareholders not to sell them their stocks. Plus, as oil prices rose following Donald Trump's order to blockade oil tankers in and out of Venezuela, we take a look at just how cen…
The famous studio rejected the hostile offer of David Ellison, the owner of Paramount, despite the 108 billion dollars put on the table. After trading, the proposal of the streaming giant would be higher and its financial base stronger.
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