Warner Bros Likely To Reject $108.4 Billion Paramount Bid, Back Netflix In Bidding War, Sources Say

Warner Bros Discovery’s board could announce a decision as early as Wednesday on Paramount Skydance’s $108.4 billion takeover bid, with the board likely to advise shareholders to vote against the offer, according to sources familiar with the matter. The decision to recommit to Netflix’s buyout offer would mark the latest twist in the race for ...