Warner Bros’ board said it found Paramount’s offer “inferior” to the merger agreement with Netflix’s. Read more at straitstimes.com. Read more at straitstimes.com.

LOS ANGELES: Warner Bros Discovery's board spurned Paramount Skydance's US$108.4 billion hostile takeover bid on Wednesday (Dec 17), calling the offer "illusory" as it accused the studio giant of misleading shareholders about its financing.Paramount has been in a race with Netflix to win control of Warner Bro

Warner Bros Discovery on Wednesday rebuffed a hostile $108bn bid from rival Paramount, calling it inadequate and questioning the company's ability to finance the deal, while in a separate twist a key backer of the offer pulled out.

Warner Bros. Discovery's board has formally rejected Paramount Skydance's hostile takeover bid, urging shareholders to stick with Netflix's previously announced acquisition. The decision shuts down Paramount's attempt...

The board of Warner Bros. Discovery on Wednesday said it was recommending that shareholders reject the hostile takeover bid from Paramount Skydance.

Asserts WBD remains committed to its Netflix merger megadeal.

Warner Bros. and Netflix leaders put on a show of force Wednesday when Netflix co-CEOs paid a visit to the Warner Bros. lot in Burbank.

Warner Brothers Discovery has rejected Paramount Skydance's hostile takeover bid, saying it carries many risks and is inferior to Netflix's offer.  The company's board said the Ellison family that controls…