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.

Tencent Exits Paramount’s Warner Bros Bid as US Scrutiny Intensifies

Tencent Holdings, one of China’s largest technology and entertainment companies, has withdrawn from Paramount Skydance’s high profile bid to acquire Warner Bros Discovery. The move marks a significant shift in what had been shaping up to be one of the biggest entertainment mergers