Warner Bros. Urges Shareholders to Reject Paramount Takeover Bid, Saying Ellisons ‘Misled’ Them

Warner Bros. has rejected a hostile takeover bid from Paramount, which valued the company at approximately $108.4 billion, citing concerns over the financial backing from Larry Ellison's family trust and its commitment to the deal. This rejection follows a previous offer of $30 per share from Paramount, indicating a firm stance against the acquisition attempts.

Warner Bros has rejected a $108.4 billion hostile takeover bid from Paramount, stating that the offer is inferior to a deal with Netflix, which is valued at $83 billion. This decision highlights Warner Bros' preference for Netflix's proposal amidst a competitive bidding landscape.

Warner Bros. Discovery has formally rejected a hostile takeover bid from Paramount Skydance, which valued the company at approximately $108.4 billion, citing risks and claiming that the Ellison family misled shareholders regarding guarantees. This rejection follows Warner Bros.' recent agreement with Netflix for an $83 billion acquisition deal.

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Warner Bros. Discovery has rejected a $108.4 billion hostile takeover bid from Paramount, stating that the offer is inferior to a recent agreement with Netflix valued at $83 billion. This decision highlights Warner's preference for Netflix's proposal amidst a competitive bidding landscape.

Warner Bros. Discovery has rejected a $108.4 billion hostile takeover bid from Paramount, asserting that the offer lacks credibility and is inferior to its recent $83 billion agreement with Netflix. This rejection highlights Warner's confidence in its partnership with Netflix amidst competitive pressures in the entertainment industry.