Warner Bros. Discovery Advises Against Paramount's Acquisition Proposal
By HiFi Editorial24 February 2026
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Warner Bros. Discovery (WBD) recommended shareholders reject Paramount Skydance's $108.4 billion takeover bid initiated on December 8, 2023.
Netflix and WBD reached a prior agreement for a $72 billion acquisition of the studio business, showcasing competing interests.
Paramount's offer, at $30 per share, was reviewed by WBD's board and deemed insufficient and risky.
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