Warner Bros. Rejects Paramount Bid
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EXCLUSIVE: There was some earth-shattering news earlier this week when Neon‘s Chief Marketing Officer and Longlegs and Parasite campaign architect Christian Parkes left the arthouse distributor — but now we know where he,
Warner Bros. Discovery CEO David Zaslav said Wednesday that the regulatory review of Warner’s deal with Netflix has begun, even as Paramount mounts a hostile takeover bid. Two senators are now coming forward and pressing Attorney General Pam Bondi to recuse herself from the review of the deal.
Warner Bros. Discovery rejected the $30/share takeover bid from David Ellison's Paramount Skydance, with WBD unanimously backing the deal with Netflix.
The visit came on the same day that WBD's board officially rejected Paramount Skydance's hostile bid for the company.
The Standard General hedge fund co-founder Soo Kim has held talks over buying into Warner Bros. Discovery (WBD)’s TV networks, according to the Financial Times. Citing people briefed on the matter, the article reported that Kim had been approached by “at least one” WBD shareholder about acquiring some or all of the cable TV assets,