Warner Bros. Discovery board opts for Netflix, turns down Paramount’s revised takeover offer
The board of Warner Bros. Discovery (WBD) has once again rejected Paramount’s revised takeover bid, reaffirming its preference for an existing deal with Netflix and warning shareholders that Paramount’s proposal remains “too risky.”
In a letter to shareholders on Wednesday, January 7, the WBD board described Paramount’s latest offer as “inadequate” and fraught with uncertainty, despite claims by Paramount that it had addressed key concerns raised by Warner Bros. executives.
According to the board, Paramount’s bid closely resembles a leveraged buyout, relying heavily on borrowed funds to complete the transaction. Paramount, which is significantly smaller than WBD, would need to take on more than $50 billion in additional debt through multiple financing arrangements to acquire th...









