Discovery, Paramount and Warner Bros.
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Paramount Sticks to $30/Share Offer for Warner Bros. Discovery After WBD Board Rebuffs Hostile Bid
David Ellison's Paramount Skydance is signaling that it will fight for the hearts and minds of Warner Bros. Discovery with the $30/share offer it has already put forward -- and that it won't go higher.
Warner Bros Discovery's board spurned Paramount Skydance's $108.4 billion hostile takeover bid on Wednesday, calling the offer "illusory" as it accused the studio giant of misleading shareholders about its financing.