Warner Bros. Discovery board rejects Paramount's offer, still wants Netflix deal

Jan. 7 (UPI) -- The board of directors at Warner Bros. Discovery announced Wednesday that it unanimously recommended shareholders reject the hostile bid by Paramount Skydance and stick with Netflix. The board said the Paramount offer was "not in the best interests of WBD and its shareholders and does not meet the criteria of a 'superior proposal' under the terms of WBD's merger with Netflix." "The board unanimously reiterates its recommendation in support of the Netflix combination and recommends that WBD ...