Warner Bros Rejects Paramount Bid: Netflix Seen as Lesser Evil
Reports indicate Warner Bros Discovery is poised to reject Paramount Skydance’s $108.4 billion takeover bid, despite Paramount’s claims of a “superior” offer. This decision comes amidst the reported withdrawal of Affinity Partners, a key financial backer of Paramount’s bid, citing competitive concerns. Warner Bros is reportedly advising shareholders to reject the deal due to financing concerns. This follows Warner Bros’ decision to sell its film and streaming businesses to Netflix after receiving multiple offers.
John Q. Hosedrinker