Warner Bros. Discovery Rejected Three Paramount Offers: Report
Synopsis
Warner Bros. Discovery Inc. (WBD) has reportedly rejected three takeout offers from Paramount Skydance Corp. (PSKY), with the most recent offer coming in at just under $24 a share.
According to a report by CNBC citing sources familiar with the matter, Paramount’s latest offer comprised 80% cash. Warner Bros Discovery’s shares were up over 2% in Wednesday's opening trade, while Paramount Skydance’s shares were down around 0.1% at the time of writing.
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