Warner Bros Discovery has unanimously rejected Paramount Skydance’s revised $108.4 billion bid, calling it a risky leveraged buyout that would saddle the studio with $87 billion in debt, the largest LBO in history. The board reaffirmed its commitment to Netflix’s $82.7 billion offer, citing its clearer financing and lower execution risk.
07 Jan 2026-17:32
07 Jan 2026-17:32
