Warner Bros deal battle: Company tells shareholders to reject Paramount Skydance bid
Warner Bros urged shareholders to reject Paramount Skydance's takeover, favoring a Netflix offer they believe benefits customers and aligns with board duties. Paramount's higher bid includes cable networks, unlike Netflix's streaming-focused proposal. Both deals face significant regulatory and political scrutiny, with concerns about market dominance and media consolidation.
Warner Bros urged shareholders to reject Paramount Skydance's takeover, favoring a Netflix offer they believe benefits customers and aligns with board duties. Paramount's higher bid includes cable networks, unlike Netflix's streaming-focused proposal. Both deals face significant regulatory and political scrutiny, with concerns about market dominance and media consolidation.
