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Warner Bros. Discovery escalated its language in rejecting Paramount's bid for the eighth time.

Warner Bros. Rejects Latest Paramount Bid

02:30pm, Wednesday, 07'th Jan 2026
Warner Bros. Discovery rejected an amended takeover offer from Paramount Skydance and encouraged shareholders to stick with a deal it has in place with Netflix.
CNBC's Julia Boorstin reports on the latest developments in the bidding war for Warner Brothers Discovery.
Warner Bros Discovery Inc (NASDAQ:WBD, XETRA:J5A) has rejected Paramount Skydance's amended bid to acquire the media conglomerate, reiterating that the offer does not represent a superior alternative
Warner Bros. Discovery spurned Paramount Skydance's takeover bid once again.
The Warner Bros. Discovery board recommended that shareholders reject a hostile takeover offer from Paramount Skydance, saying it continued to believe the Paramount bid is “inferior” to a previous
The bidding war for Warner Bros. Discovery (WBD) and its extensive library of hit TV shows and films like “Harry Potter,” “Game of Thrones” and the DC Comics titles, is dragging on.
Warner Bros. Discovery announced that its board unanimously rejected Paramount's tender offer, saying it's not in the best interest of shareholders and Netflix is the preferred partner.
Warner's statement noted that: “WBD continues to be of the view that PSKY is a litigious counterparty, which raises concerns regarding the likelihood that the Offer (or any related merger agreement)
Warner Bros. Discovery rejected the latest takeover bid from Paramount Skydance — the latter's seventh straight overture — citing uncertainties around the debt financing tied to the offer as WBD c
Board unwilling to accept hostile takeover despite $40bn guarantee from billionaire Larry Ellison
The HBO Max owner told shareholders to reject Paramount's amended hostile bid, arguing that Netflix's offer remains superior.
Warner Bros Discovery said on Wednesday its board rejected a revised bid from Paramount Skydance, calling it a risky leveraged buyout that posed significant risks, and reaffirmed its support for Netfl
Warner Bros Discovery's board has unanimously turned down Paramount Skydance's latest attempt to acquire the studio, saying its revised $108.4 billion hostile bid amounted to a risky leveraged buyout
Paramount Skydance has guaranteed the backing of billionaire Larry Ellison in its hostile offer for Warner Bros. Discovery, but has fallen short of upping the amount.
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