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.🕒 1 min read
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.
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