Warner Bros Rejects Paramount’s US$108 Billion Takeover Bid and Endorses Netflix Merger

Warner Bros has formally rejected a hostile US$108 billion takeover bid from Paramount, describing the offer as inferior and financially risky, while throwing its support behind a proposed merger with Netflix that it says offers greater stability and long term value for shareholders.

Paramount Counters Netflix with Massive US 108.4 Billion Bid for Warner Bros Discovery

The battle for control of Warner Bros Discovery intensified on Monday as Paramount Skydance launched a dramatic hostile bid valued at 108.4 billion United States dollars, an unexpected escalation that challenges Netflix’s newly secured agreement and throws the future of one of Hollywood’s