WBD Rejects Paramount Bid, Backs Netflix Deal

Warner Brothers Discovery Board Rejects Paramount Skydance Bid, Endorses Netflix Deal: A summary of the recent developments in the media industry, where WBDs board has rejected Paramounts takeover offer due to its illusory nature and questions about financial backing. Instead, they recommend the Netflix deal, citing its full financing and binding nature.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.