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Warner Bros. Discovery rejected Paramount Skydance’s $20/share offer, calling it too low, as talks continue amid plans to split.
Warner Bros Discovery has rejected Paramount Skydance’s $20 per share takeover bid, calling it too low, according to Bloomberg.
The offer comes as Warner Bros. prepares to split into two companies by next year, a move CEO David Zaslav says will unlock value.
Paramount, led by CEO David Ellison since its $8 billion merger with Skydance Media in August, is considering raising its bid, appealing directly to shareholders, or securing financial backing from firms like Apollo Global Management.
Talks continue amid stalled negotiations over price.
Neither company has issued a public statement.
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Es Warner Bros. Discovery rechazó la oferta de 20 dólares por acción de Paramount Skydance, calificándola como demasiado baja, ya que las conversaciones continúan en medio de planes para dividirse.