Warner rejects $108 billion offer from Paramount and recommends proposal from Netflix
Studio claims that competitor’s bid does not meet its interests and advises shareholders to support the sale to the streaming giant
Disclosure / Warner Bros. Discovery Warner rejects $108 billion offer from Paramount and recommends proposal from Netflix
(WBD) rejected the offer from its competitor Skydance, presented last week, and is inclined towards the Netflix purchase proposal, the company announced this Wednesday (17) in a statement.
Paramount’s proposal — which valued Warner Bros. at US$108 billion — “does not serve WBD’s interests,” the film distribution and production company said in a statement recommending its shareholders to favor WBD’s proposal.
*Material being updated
*With information from AFP Published by Nícolas Robert
