“Once again, Paramount continues to make the same offer our Board has repeatedly and unanimously rejected in favor of a superior merger agreement with Netflix. It’s also clear our shareholders agree, with more than 93% also rejecting Paramount’s inferior scheme,” Warner Bros. said on Thursday, fully backing its pending deal with Netflix.
“We are confident in our ability to achieve regulatory approval for the Netflix merger and look forward to delivering the tremendous and certain value our agreement will provide to Warner Bros. Discovery shareholders,” it added.
The Warner Bros. Board of Directors has rejected Paramount’s bid at least eight times.
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The statement came after Paramount extended the deadline for Warner Bros. shareholders to tender their shares into its hostile bid. Only 7% of shareholders
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