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Warner Bros rebuffs Paramount takeover approach, Bloomberg News reports
Warner Bros. CEO David Zaslav expects a higher premium after splitting streaming and studios from debt-heavy cable networks, rejecting Paramount’s $20-per-share offer valued below $42 billion.
- Warner Bros Discovery rejected an initial takeover bid from Paramount Skydance, valuing the company at around $20 per share, deeming the offer too low.
- Paramount Skydance, under the leadership of David Ellison following an $8 billion merger with Skydance Media, is determined to pursue Warner Bros Discovery.
- Paramount has been in discussions with Apollo Global Management, an alternative asset manager, to secure financial support for its takeover attempt of Warner Bros Discovery.
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45 Articles
Coverage Details
Total News Sources45
Leaning Left6Leaning Right4Center6Last UpdatedBias Distribution38% Left, 37% Center
Bias Distribution
- 38% of the sources lean Left, 37% of the sources are Center
38% Left
L 38%
C 37%
R 25%
Factuality
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