Warner Bros to reject $108bn Paramount bid, reports say
Source: BBC
Warner Bros Discovery will urge its shareholders to reject Paramount Skydance's $108.4bn (£80.75bn) takeover bid as soon as Wednesday, according to reports.Paramount has said its offer is "superior" to a $72bn deal that Warner Bros struck with Netflix for its film and streaming businesses.At the same time, a key backer of Paramount's attempt to buy Warner Bros, Affinity Partners, has reportedly pulled out of the…
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