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News  ›  Benzinga

Warner Bros To Advise Shareholders Reject Paramount, Accept Netflix Offer: Report

Benzinga Logo Benzinga By Erica Kollmann
Warner Bros To Advise Shareholders Reject Paramount, Accept Netflix Offer: Report

Warner Bros. Discovery plans to recommend shareholders reject Paramount Skydance's takeover bid and instead accept Netflix's offer of $27.75 per share for its HBO Max streaming division.

Insights
JPMpM   neutral

Serving as a joint book-running manager for the offering, which is a standard investment banking service


WBD   neutral

Actively managing potential acquisition offers and strategically evaluating options