Warner Bros rejects revised Paramount bid, but remains open to a final offer
Media/ Social Media
"We continue to recommend and remain fully committed to our transaction with Netflix," said Warner Bros chairman and CEO in a letter to Paramount. LOS ANGELES: Warner Bros Discovery on Tuesday (Feb 17) rejected Paramount Skydance's latest US$30-a-share hostile bid, but gave the Hollywood studio seven days to come up with a "best and final" offer for the owner of HBO Max and the Harry Potter franchise. Paramount informally broached an even higher per-share price of US$31, Warner Bros said,
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