Warner Bros. Discovery Rejects Paramount $30/Share Acquisition Offer, Calling It ‘Inferior’ to Netflix Deal and Alleging Ellisons Aren’t Providing ‘Full Backstop’ for ...

Warner Bros. Discovery rejected the $30/share takeover bid from David Ellison's Paramount Skydance, with WBD unanimously backing the deal with Netflix.

Senators demand AG Pam Bondi recuse herself from Warner Bros. antitrust review

Warner Bros. Discovery CEO David Zaslav said Wednesday that the regulatory review of Warner’s deal with Netflix has begun, even as Paramount mounts a hostile takeover bid. Two senators are now coming forward and pressing Attorney General Pam Bondi to recuse herself from the review of the deal.