Warner Bros. Discovery rejects Paramount…
Warner Bros. Discovery rejected the latest takeover bid from Paramount Skydance — the latter’s seventh straight overture — citing uncertainties around the debt financing tied to the offer as WBD continued to tout its merger deal with Netflix.
In a Wednesday assertion, the proprietor of Warner Bros., HBO and GWN claimed that Paramount Skydance — run by David Ellison and his mega billionaire father Larry Ellison — is trying to launch “the largest LBO in history,” with so a lot debt tied to their $78 billion, all-cash offer that they is probably not in a position to full the…
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