Paramount sticks with $30-per-share bid
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The media company said it remains committed to the $82.7 billion deal it reached in December to sell its streaming service, studio and HBO cable channel to Netflix.
Paramount’s offer “represents the best path forward” for Warner Bros shareholders, Paramount said in a statement on Thursday.
Paramount argues for why its proposed hostile bid is better than Warner Bros.'s existing deal with Netflix as regulatory issues worry lawmakers
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Paramount Skydance defends $78B takeover bid for WBD, claims CNN spinoff could be worthless
Paramount Skydance on Thursday staunchly defended its revised $77.9 billion bid to take over Warner Bros. Discovery after the company again rejected its offer in favor of Netflix.