Warner Bros. Poised To Reject Paramount, Affirm Rallies, Estee Lauder Rises
On this episode of Stock Movers:- Warner Bros. Discovery (WBD)is planning to reject Paramount Skydance Corp.’s hostile takeover bid due to concerns about financing and other terms, people familiar with the matter said. After deliberating and reviewing Paramount’s bid, Warner Bros.’ board will urge shareholders to reject the tender offer, said the people, who asked not to be identified discussing confidential information. The board still views the company’s existing agreement with streaming leader Netflix Inc. as offering greater value, certainty and terms than what…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.