Warner Brothers Discovery Rejects Paramount's Bid, Netflix Favored

Warner Brothers Discovery rejects Paramount Skydances takeover bid, deeming it inferior and risky. The entertainment giant prefers Netflix merger, citing hidden costs and lack of secure commitment from Paramounts Ellison family. Paramounts stock drops, and prediction markets favor Netflix. Trumps criticism and Kushners fund withdrawal add to Paramounts challenges.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.