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-0.000175994368180183 0.000351988736360491 -0.00052798310454055 -0.000879971840901041 -0.00545582541358668 -0.00175994368180208 -0.0036958817317846 -0.00211193241816257
Stock impact report

Warner Bros. execs rejects Paramount's bid, urges stakeholders to do the same [Yahoo! Finance]

Warner Bros. Discovery, Inc. - Series A (WBD) 
Company Research Source: Yahoo! Finance
The board claimed the deal with the streamer was better for customers. “Following a careful evaluation of Paramount's recently launched tender offer, the Board concluded that the offer's value is inadequate, with significant risks and costs imposed on our shareholders,” said Samuel A. Di Piazza, Jr., chair of the Warner Bros. Discovery board of directors, in a statement obtained by The Hollywood Reporter . “This offer once again fails to address key concerns that we have consistently communicated to Paramount throughout our extensive engagement and review of their six previous proposals. We are confident that our merger with Netflix represents superior, more certain value for our shareholders and we look forward to delivering on the compelling benefits of our combination.” Warner Bros. is also telling shareholders to reject Paramount's bid, saying that Netflix is better for customers and creators. “Today the Warner Bros. Discovery Board sent a clear message to you, their stockh Show less Read more
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