Warner Bros. Discovery rejects Paramount’s hostile bid, calls offer ‘illusory’
Warner Bros. Discovery (WBD) The board of directors has rejected $108 billion hostile takeover bid David Allison of Paramount Skydance described the proposal as “illusory” and said that Paramount had misled shareholders about its financing. saying that he wants to respect it Preliminary agreement to sell NetflixWBD’s board wrote in a letter to shareholders that…