Warner nixes Paramount's bid (again), citing proposed debt load

Paramount, with facilities in Hollywood, is continuing to pursue Warner Bros. Discovery. (Robert Gauthier / Los Angeles Times) Paramount's campaign to acquire Warner Bros. Discovery was dealt another blow Wednesday after Warner's board rejected a revised bid from the company. The board cited the enormous debt load that Paramount would need to finance its proposed $108-billion takeover. Warner’s board this week unanimously voted against Paramount’s most recent hostile offer — despite tech billionaire Lar ...