Warner Bros. Board of Directors Rejects Paramount Takeover Bid

Paramount made a strong offer of $30 per share, promising a faster and simpler deal than Netflix, and guaranteed continued movie theater releases – a key issue with Netflix’s offer. However, Warner Bros. Discovery’s board has officially turned down Paramount’s bid, stating it carries substantial risks and costs. In a letter to shareholders (reported by the LA Times), WBD claims Paramount has repeatedly misrepresented the support of the Ellison family for the deal, falsely suggesting they had guaranteed funding.







