Warner Bros urges shareholders to reject 'inferior' Paramount offer
Arts And Entertainment,Warner Brothers,Paramount,Big Business,Television,CNN,Netflix
From the Center
AllSides Media Bias Rating: Center
Warner Bros Discovery has told its shareholders to reject an "inferior" updated bid from Paramount Skydance to buy the company.
It is the second time in less than a month the Warner Bros board has urged its shareholders to say no to the Paramount offer, after announcing on 5 December that Netflix was buying the company's film and streaming businesses for $72bn (£54bn).
The Warner Bros board said the offer was not in the best interests of shareholders and had not met the criteria of a "superior proposal"...
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