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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 that investors should reject

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Warner Bros Discovery faced a major decision as its board was likely to recommend rejecting Paramount's $108.4 billion bid, opting instead to support Netflix's $72 billion buyout offer for its studios and streaming division
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Warner Bros Discovery faced a major decision as its board was likely to recommend rejecting Paramount's $108.4 billion bid, opting instead to support Netflix's $72 billion buyout offer for its studios and streaming division

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In a stunning twist, Paramount Skydance launched a hostile bid worth $108.4 billion, offering $30 per share, all cash, for the entirety of Warner Bros Discovery and providing shareholders $18 billion more in cash and an easier path to regulatory approval
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In a stunning twist, Paramount Skydance launched a hostile bid worth $108.4 billion, offering $30 per share, all cash, for the entirety of Warner Bros Discovery and providing shareholders $18 billion more in cash and an easier path to regulatory approval

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A group of US states including California and New York are preparing a lawsuit to block Paramount Skydance's $110 billion acquisition of Warner Bros, sources familiar with ​the matter said
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