Warner Bros. Discovery rejects Paramount’s bid again, calls it a ‘leveraged buyout’

The bidding war for Warner Bros. Discovery (WBD) and its extensive library of hit TV shows and films like “Harry Potter,” “Game of Thrones,” and the DC Comics titles is dragging on. The studio on Wednesday said its board had unanimously rejected Paramount Skydance’s revised $108.4 billion bid, calling the proposal a “leveraged buyout” that would encumber the company with $87 billion in debt. In a letter to shareholders, WBD urged them to reject the offer, saying the “extraordinary amount” of debt Param ...