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Warner Bros. Discourages Shareholders from Accepting Paramount's Takeover Offer

1 min read
Source: CNBC
Warner Bros. Discourages Shareholders from Accepting Paramount's Takeover Offer
Photo: CNBC
TL;DR

Warner Bros. Discovery's board unanimously recommends rejecting Paramount's hostile $30-per-share bid in favor of a superior proposal from Netflix, citing better value and certainty, with a shareholder vote expected in spring or early summer.

Topics:top-newsbusiness#business#merger#netflix#paramount#shareholder-vote#warner-bros-discovery
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  1. WBD board tells shareholders to reject Paramount Skydance's takeover offer, saying 'value is inadequate'  CNBC
  2. Warner Bros. Says Ellisons ‘Misled’ Shareholders in Takeover Bid  The New York Times
  3. Warner Bros. board tells shareholders to reject Paramount offer in favor of Netflix  ABC News
  4. Kushner firm drops out of Paramount’s hostile $108B Warner Bros. Discovery bid  Fox Business
  5. Warner Bros. Discovery recommends investors reject Paramount's hostile takeover bid  NBC News

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