The board of Warner Bros. Discovery is poised to reject the amended takeover offer fielded by Paramount Skydance last week as David Ellison keeps up his pursuit of the assets he sees as crucial to building a 21st century Hollywood heavyweight.
Bloomberg News reported Tuesday that the WBD board was expected to reject the amended offer that was made with fanfare by Paramount Skydance on Dec. 22. WBD has already struck an agreement to merge with Netflix in a deal valued at more than $80 billion.
Related Stories
But Paramount Skydance
→ Continue reading at Variety
