Warner Bros Rejects Paramount Bid, Open to Best and Final Offer

Warner Bros Discovery rejects Paramount Skydance’s $30 per share offer, remains focused on Netflix merger. Paramount given seven days to come up with a better offer. Netflix confident in superior value of their deal. Regulatory hurdles and concerns over industry consolidation with both potential mergers. Larry Ellison’s personal guarantee of $40bn in equity for Paramount’s bid rejected in January. Congressional leaders express concerns about increased control over media content.

Want More Context? 🔎