Warner Bros. sticks with Netflix merger, calls Paramount’s $108B bid “illusory”
via d18rn0p25nwr6d.cloudfront.net
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The Warner Bros. Discovery board has unanimously voted to rebuff Paramount’s $108.4 billion offer and urged shareholders to reject the hostile takeover bid. The board is continuing to support Netflix’s pending $82.7 billion purchase of its streaming and movie studios businesses along with a separate spinoff of the Warner Bros. cable TV division. Warner Bros. […]