Warner’s Board Again Urges Shareholders to Reject Paramount’s Hostile-Takeover Bid
The drama over Paramount Skydance’s hostile takeover bid for Warner Bros. Discovery continues. On Wednesday, the WBD board again unanimously recommended that its shareholders reject Paramount’s offer on the grounds that it was “inferior” to the Netflix deal. On Wednesday morning, WBD’s board chair Samuel Di Piazza was quoted by CNBC as saying; “We have…

