Warner Bros rejects Paramount takeover again and tells shareholders to stick with Netflix bid
Yahoo Finance·2026-01-07 20:38

NEW YORK (AP) — Warner Bros. again rejected a takeover bid from Paramount and told shareholders Wednesday to stick with a rival offer from Netflix. Warner’s leadership has repeatedly rebuffed Skydance-owned Paramount’s overtures — and urged shareholders just weeks ago to back its the sale of its streaming and studio business to Netflix for 72billion.Paramount,meanwhile,hasmadeeffortstosweetenits72 billion. Paramount, meanwhile, has made efforts to sweeten its 77.9 billion hostile offer for the entire company. Warner Bros. Discovery said Wednesday that its ...