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Warner Bros. Board Urges Shareholders To Reject Paramount Hostile Takeover Bid [zero hedge]
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Warner Bros. Board Urges Shareholders To Reject Paramount Hostile Takeover Bid Authored by Andrew Moran via The Epoch Times (emphasis ours), Warner Bros. Discovery’s board of directors said on Dec. 17 that it is advising shareholders to reject Paramount Skydance’s hostile takeover bid and support Netflix’s offer. Netflix and Warner Bros Discovery logos are seen in this illustration created on Dec. 5, 2025. Dado Ruvic/Reuters Last week, Paramount put forward an all-cash $30-per-share bid valuing Warner Bros. at $108.4 billion, matching the offer it made a week earlier. CEO David Ellison argued that the proposal is superior to Netflix’s and said a Paramount–Warner Bros. merger would have better odds of clearing regulatory review. But Samuel Di Piazza Jr., chair of the Warner Bros. Discovery board of directors, says Paramount has never presented a proposition that is superior to the Netflix offer , adding that the current offer is “inadequate, with significant risks and costs imposed on
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