Ge Long Hui·2025-12-17 14:41Core Viewpoint - Warner Bros. Discovery's board rejected Paramount Global's acquisition proposal, emphasizing that the $30 per share cash offer is insufficient and poses significant risks to shareholders, while reaffirming support for Netflix's cash and stock proposal, which is seen as providing superior and more certain value to shareholders [1][1][1] Group 1: Company Actions - Warner Bros. Discovery's board reiterated its rejection of Paramount's acquisition offer, citing concerns over the offer's adequacy and associated risks [1] - The board chairman, Samuel Di Piazza, highlighted that Netflix's proposal offers better value for shareholders compared to Paramount's [1] Group 2: Market Reactions - Netflix shares increased by 2.6%, reaching $97.08, indicating positive market sentiment towards its proposal [1] - Warner Bros. Discovery shares fell over 1%, closing at $28.58, reflecting market concerns following the board's rejection of the acquisition offer [1]