Warner Bros. Rejects ‘Inferior’ Paramount Hostile Takeover Bid, Chooses Netflix

Warner Bros. Discovery has formally rejected the hostile takeover bid from Paramount amid their merger deal with Netflix, dubbing the proposed terms “inferior” to the Netflix partnership. “Your Board negotiated a merger with Netflix that maximizes value while mitigating downside risks, and we unanimously believe the Netflix merger is in your best interest. We are ...