In a unanimous written determination, the Warner Bros. Discovery’s board is advising shareholders to once again reject Paramount Skydance’s ”inadequate” hostile takeover bid. The letter to shareholders cites a number of concerns with the offer and reiterates its position that Netflix’s offer remains superior. Netflix and WBD have entered into a merger agreement in early December after the WBD board selected its offer over other bidders.
Källa: Warners Bros. Discovery board urges shareholders to reject amended Paramount bid
