PARAMOUNT'S AMENDED TAKEOVER OFFER REJECTED AGAIN

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Prioritizing a massive $82.7 billion merger with Netflix, the board of Warner Bros. Discovery has unanimously turned down an improved buyout offer from David Ellison’s Paramount Skydance. Chairman Samuel Di Piazza explained that the Netflix deal—which includes the sale of the WBD studio and HBO—remains the superior option across "multiple key areas." The decision reinforces WBD’s commitment to the strategic pivot it finalized last December, despite continued pressure from rival bidders.








