Warner Bros Discovery writes 1400-word ‘rejection’ letter to shareholders, calls Paramount offer ‘misleading’: Read full text on Netflix deal
AI generated image for representation Warner Bros Discovery’s (WBD) board of directors have unanimously rejected a $108 billion hostile takeover bid bid worth $108 billion from Paramount Skydance. In an almost 1,400-word letter to its shareholders (as reviewed by ScreenDaily), WBD’s board described Paramount’s proposal as “misleading” and “inadequate,” while reiterating its commitment to a…