Warner Bros. urges investors to reject Paramount bid
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Warner Bros. Discovery rejected the $30/share takeover bid from David Ellison's Paramount Skydance, with WBD unanimously backing the deal with Netflix.
In rejecting Paramount ’s hostile takeover bid, Warner Bros. questions the Ellison family trust and its commitment to a $77.9 billion deal.
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Paramount Sticks to $30/Share Offer for Warner Bros. Discovery After WBD Board Rebuffs Hostile Bid
David Ellison's Paramount Skydance is signaling that it will fight for the hearts and minds of Warner Bros. Discovery with the $30/share offer it has already put forward -- and that it won't go higher.