Warner Bros-Netflix deal: Company rejects Paramount takeover bid; backs $72-bn Netflix deal for studio and streaming business
Warner Bros. Discovery rejected Paramount’s takeover offer, deeming it insufficient and risky due to substantial debt financing. The company reiterated its preference for a $72 billion transaction with Netflix, which it believes offers superior value and greater certainty for shareholders.
Warner Bros. Discovery rejected Paramount’s takeover offer, deeming it insufficient and risky due to substantial debt financing. The company reiterated its preference for a $72 billion transaction with Netflix, which it believes offers superior value and greater certainty for shareholders.
