Warner Bros. Board Rejects Paramount’s ‘Inadequate’ Hostile Takeover Bid
via ir.wbd.com
Short excerpt below. Read at the original source.
The Warner Bros. Discovery board has again dismissed Paramount’s hostile takeover attempt, branding it as “inadequate” and a “risk” to the company due to its reliance on an “extraordinary amount of incremental debt.” Paramount would have been forced to incur more than $50 billion in debt to buy the far larger Warner Bros., the latter’s […]