Warner Bros. Discovery Urges Rejection of Paramount Bid Amid Ongoing Battle
Paramount remains committed to its hostile bid to acquire Warner Bros. Discovery, despite WBD's board rejecting the offer, and warns that Netflix's deal to acquire only parts of WBD could worsen linear TV industry woes. Paramount emphasizes its offer's certainty and strong financing, positioning it as a superior option for shareholders, while signaling potential for increased bidding competition.