Warner Bros. Discovery Rejects Paramount's $20/shr Takeover Bid As Too Low : Report

rttnews
2025.10.12 15:34
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Warner Bros. Discovery Inc. has rejected Paramount Skydance Corp.'s takeover bid of approximately $20 per share, considering it too low. Paramount, led by David Ellison, is now exploring various strategic options, including raising the bid, appealing to shareholders, or seeking financial backing from a partner.

Warner Bros. Discovery Inc. has rejected Paramount Skydance Corp.'s initial takeover bid, deeming it too low, Bloomberg reported citing people familiar with the matter.

The offer, valued at approximately $20 per share, was turned down in recent weeks.

Paramount, led by David Ellison, is now exploring several strategic options in its pursuit of Warner Bros., including raising its bid, appealing directly to shareholders, or securing additional financial backing through a partner, the report said.

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