Warner Bros Discovery has formally rejected Paramount Skydance’s revised $108.4 billion takeover proposal, calling it a high risk leveraged buyout and reaffirming its support for Netflix’s competing offer. In a letter to shareholders issued on Wednesday, Warner Bros’ board said the Paramount bid relies on an “extraordinary amount of debt financing,” which significantly increases execution … Continue reading Warner Bros Rejects Paramount’s $108.4 Bn Bid, Reaffirms Netflix Deal