Warner Bros. rejects Paramount's hostile bid, accuses Ellison family of failing to put money into the deal
Yahoo Finance·2025-12-17 20:11

Board members said they were concerned that Paramount's financing appeared shaky and the Ellison family's assurances were far from ironclad. Instead, Paramount's proposal contained "gaps, loopholes and limitations," Warner said, including troubling caveats, such as saying in documents that Paramount "reserve[d] the right to amend the offer in any respect."Netflix shares ended the trading day Wednesday up about a quarter of a percent at 94.79.WarnerBros.Discoveryclosedat94.79. Warner Bros. Discovery closed at 28.21. Paramount shares ended ...