Warner Bros. Discovery Rejects Paramount’s Latest Offer As “Inferior” To Netflix Deal ...Middle East

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The Warner Bros. Discovery board, as expected, advised shareholders to reject an amended takeover offer from Paramount, calling the bid “inferior” to a signed deal with Netflix given the higher costs, risks and uncertainties. “Your Board negotiated a merger with Netflix that maximizes value while mitigating downside risks, and we unanimously believe the Netflix merger […]

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