Why Warner Bros Discovery Rejected Paramount Skydance’s Bid — and What Was at Stake for Media, Creators, and Audiences
Warner Bros Discovery’s board has unanimously urged shareholders to reject Paramount Skydance’s $108.4bn takeover bid, choosing instead to proceed with a $72bn deal to sell its film and streaming businesses to Netflix. While Paramount argued its offer was financially superior, Warner Bros’ leadership cited significant regulatory, financial, and structural risks—many tied to the broader implications […]
