Warner Bros recommends investors reject Paramount's offer in favor of Netflix's

While the letter to shareholders means Paramount's offer is not the one favored by Warner's board, shareholders have the ultimate say.
Prestige Online

Paramount’s USD 108 Billion Hostile Takeover Bid For Warner Bros Rejected

Warner Bros rejected hostile takeover bid of Paramount of USD108 billion saying it's 'inferior' to Netflix's deal.
WHDH

Warner Bros recommends investors reject Paramount’s offer in favor of Netflix’s

NEW YORK (AP) — Warner Bros. Discovery is recommending its shareholders reject an unsolicited buyout offer from Paramount Skydance in favor of a rival bid from Netflix it said will better serve their ...