Why Paramount is now saying the TV networks it wants to buy from WBD are worth $0.00 per share

How much are Warner Bros. Discovery's cable networks worth? Nothing, says Paramount Skydance, the company trying to buy them.Paramount said in a letter on Thursday that it valued WBD's cable TV networks at $0.00 per share, when including expected debt and other costs. The letter came a day after WBD rebuffed Paramount's attempted acquisition for an eighth time in favor of Netflix's offer. In the letter, Paramount acknowledged "the theoretical possibility" that WBD's cable assets "could trade with up to ~$ ...