Last updated: 2025-12-17 17:44:25 ET
Warner Bros. Discovery called Paramount's offer "illusory" and said that the company had misled shareholders about its financing.
Paramount launched a hostile bid for WBD, taking a $30-per-share, all-cash offer directly to shareholders.
Warner Bros. Discovery's board told its shareholders that Paramount Skydance's offer "provides inadequate value" for the business.
Warner Bros has formally rejected Paramount's $108 billion hostile bid.
Here's what Netflix's co-CEOs are saying after WBD rejected Paramount's hostile bid
Warner Bros. Discovery’s board unanimously urged shareholders to reject a tender offer from Paramount Skydance, calling it inadequate and risky whil...
The claim was made as part of Warner Bros. Discovery’s dismissal of Paramount’s hostile takeover offer.
Bidding war talk heated up Tuesday now that WBD is on the verge of formally calling on investors to reject Paramount Skydance’s hostile bid for the ...
Paramount Skydance’s financing for its $108 billion bid for Warner Bros. Discovery took a blow on Tuesday as President Donald Trump’s son-in-law, ...
Netflix earlier this month emerged victorious with a $27 cash-and-stock bid for Warner Bros.' non-cable assets.
