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flag Warner Bros. Discovery rejected Paramount Skydance’s $20/share offer, calling it too low, as talks continue amid plans to split.

flag Warner Bros Discovery has rejected Paramount Skydance’s $20 per share takeover bid, calling it too low, according to Bloomberg. flag The offer comes as Warner Bros. prepares to split into two companies by next year, a move CEO David Zaslav says will unlock value. flag 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. flag Talks continue amid stalled negotiations over price. flag Neither company has issued a public statement.

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