Warner Bros. Discovery Rejected Paramount Skydance Acquisition Offer of $20 per Share as Too Low (Report)

Ana Maria Rus

Warner Bros. Discovery rejected a takeover offer of “around” $20 per share from David Ellison’s Paramount Skydance in recent weeks as “too low,” Bloomberg News reported Saturday, citing anonymous sources. WBD shares closed at $17.10/share Friday, up more than 36% since news broke Sept. 11 of Ellison’s interest in bidding for the rival just weeks after closing Skydance’s deal to acquire Paramount Global. Warner Bros. Discovery, parent of HBO/HBO Max, Warner Bros. Entertainment, CNN, TNT, TBS and

Tag-uri: HBO

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