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Warner Bros Discovery: We still support Netflix: Warner Bros Discovery rejects Paramount’s latest offer, gives 7-day deadline to revise bid |

Warner Bros. Discovery (WBD) has reportedly rejected Paramount-Skydance’s latest $30-per-share takeover bid. However, WBD is giving the Hollywood studio seven days to submit a better offer to acquire the owner of HBO Max and the Harry Potter franchise. According to a report by the news agency Reuters, the rival bidder has until February 23 to…

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Netflix rejects Paramount’s offer; says it has nothing else other than Oracle founder Larry Ellison’s …

Netflix co-CEO Greg Peters has rejected Paramount Skydance’s $108 billion hostile bud for Warner Bros. Discovery (WBD), calling it unrealistic without the financial backing of Oracle founder Larry Ellison. In an interview with Financial Times, Peters said Paramount’s proposal ‘doesn’t pass the sniff test’ and relies too heavily on debt and external support. He contrasted…

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Warner Bros rejects Paramount’s $60 billion buy offer; looking at alternatives: Report

Entertainment giant Warner Bros Discovery’s board has reportedly turned down a nearly $60 billion takeover offer from Paramount Skydance, a source told Reuters on Tuesday (local time). The company also announced that it will now look at other options for a possible sale.The board had rejected a mostly cash offer of around $24 per share…

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