Paramount Stands By Hostile $108 Billion Takeover Bid For Warner Bros. Discovery Despite Rejection

Core Viewpoint - Paramount has reaffirmed its $108 billion hostile takeover bid for Warner Bros. Discovery, which has urged its shareholders to reject the proposal in favor of Netflix's offer [1] Group 1: Paramount's Offer - Paramount's offer includes a $40.65 billion equity component and is priced at $30 per share for Warner Bros. Discovery [2] - Paramount argues that its offer provides superior value and certainty for WBD shareholders, claiming a clear path to regulatory closure [2] Group 2: Warner Bros. Discovery's Response - Warner Bros. Discovery's board, led by chair Samuel DiPiazza, has reviewed Paramount's offer and deemed it inferior to Netflix's proposal [2] - The board highlighted that Paramount's offer imposes significant risks and costs on WBD and lacks any commitment from the Ellison family [2] Group 3: Netflix's Position - Netflix has welcomed Warner Bros. Discovery's recommendation to its shareholders, asserting that its offer is superior on multiple fronts [3]