Warner Bros. and Paramount Face New Competition Amid Industry Takeover Rumors
TL;DR Summary
Warner Bros. Discovery has rejected Paramount's initial low bid of around $20 per share for a takeover, as the companies remain in disagreement over the price. Warner Bros. is planning to split into two separate businesses, which may influence future negotiations. Paramount, led by David Ellison, is exploring various options to increase its bid or find additional backing, amid ongoing industry merger discussions.
- Warner Bros. Is Said to Rebuff Paramount Takeover Approach Bloomberg.com
- The Big Deal: David Zaslav’s Warner Bros. Chickens Are Coming Home To Roost – And David Ellison’s Paramount Knows It Deadline
- David Ellison “Can’t Comment” on a Potential Paramount-Warner Bros. Discovery Deal The Hollywood Reporter
- David Ellison bought Paramount. Now it looks like Warner Bros. could be next on his list. Business Insider
- Exclusive | Paramount facing competition for Warner Bros. Discovery as Comcast could emerge as suitor New York Post
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