Warner Bros. Discovery is set to tell shareholders that they should reject Paramount’s latest offer due to its significant decrease in value, down 1%. The company plans to recommend supporting its existing deal with Netflix instead. This decision would leave Paramount and its CEO, David Ellison, to consider whether to adjust their offer or walk away from the deal altogether.
Source: https://www.wsj.com/business/media/warner-preparing-to-tell-shareholders-to-reject-paramount-offer-38f069ae