💨 Abstract
Warner Bros. Discovery's (WBD) board rejected a $108 billion hostile takeover bid from David Ellison’s Paramount Skydance, citing misinformation about financing. The board prefers its initial agreement with Netflix, which offers $27.75 per share with robust debt commitments and no need for equity financing. Netflix supports the board's decision, stating it aligns with stockholders' best interests.
Courtesy: Aisha Malik
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