Warner Bros. Rejects Paramount Bid
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EXCLUSIVE: Lia Buman is the new Head of Global Acquisitions and Republic Pictures at Paramount Pictures. In addition, Buman will oversee Republic Pictures as a targeted development and production label within Paramount, zeroing in on commercially driven movie with a strong independent DNA.
WBD presented a chronology of events and meetings that occurred, leading to its deal to sell Warner Bros. studios and HBO Max to Netflix, following by David Ellison’s hostile takeover bid and the WBD board’s official rejection of the $30/share bid on Dec.
A new filing says Paramount offered pay and a job to WBD CEO David Zaslav, and gives other takeaways from the bidding war.
Paramount is standing by its current proposal to acquire Warner Bros. Discovery, warning shareholders against embracing Netflix's pending offer.