Warner Bros recommends investors reject Paramount's offer in favor of Netflix's

While the letter to shareholders means Paramount's offer is not the one favored by Warner's board, shareholders have the ultimate say.
Lifestyle Asia

Paramount’s $108 billion takeover bid for Warner Bros rejected

This comes shortly after Netflix offered to acquire the studio and streaming services of Warner Bros. for $82.7 billion ($27.75 per share).
WGNO

Warner Bros recommends investors reject Paramount’s offer in favor of Netflix’s

NEW YORK (AP) — Warner Bros. Discovery is recommending its shareholders reject an unsolicited buyout offer from Paramount Skydance in favor of a rival bid from Netflix it said will better serve their ...