Warner Bros. Discovery said its board will review Paramount Skydance‘s latest hostile takeover offer — which includes some new financial commitments — before it officially accepts or rejects the rival bid to its sale agreement with Netflix.
Warner Bros. Discovery on Tuesday confirmed it received the amended, unsolicited tender offer from David Ellison’s Paramount Skydance to acquire all of the outstanding shares of WBD common stock.
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The company issued a statement with boilerplate language that said the WBD board of directors, “consistent with its fiduciary duties and in consultation
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