Warner Bros. Dismisses Latest Paramount Bid as Inadequate

Warner Bros. Discovery Inc. determined that an amended takeover offer from Paramount Skydance Corp. is inferior to the deal it already has in place with Netflix Inc. and urged its...

By Michelle F Davis, Lucas Shaw · Bloomberg Markets

Warner Bros. Discovery Inc. determined that an amended takeover offer from Paramount Skydance Corp. is inferior to the deal it already has in place with Netflix Inc. and urged its shareholders not to tender their shares to the interloper.