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Read More »Warner Bros. Discovery rejects Paramount’s hostile bid, calls offer ‘illusory’
[ad_1] Warner Bros. Discovery’s (WBD) board of directors has rejected the $108 billion hostile takeover bid from David Ellison’s Paramount Skydance, calling the offer “illusory,” and saying that Paramount had misled shareholders about its financing. Saying it wants to honor its initial agreement to sell to Netflix, WBD’s board wrote …
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