The 6 biggest reveals from WBD's filing on why it rejected Paramount
Warner Bros. Discovery didn't just reject Paramount again on Wednesday. It also pulled back the curtain on what the bidding war was like behind the scenes. WBD advised shareholders to dismiss Paramount's 27.75 per share (for only its studios and streaming business). In a filing, WBD's board called Paramount's latest bid inadequate, with significant risks and costs imposed on shareholders compared to Netflix's bid, which it said offered su ...