‘We’re not leaving Netflix’: Warner Bros Discovery’s message to shareholders — read letter

Warner Bros. Discovery’s board has rejected Paramount’s latest $108 billion takeover bid, citing insufficient value and certainty. The board highlighted significant costs for WBD if the Paramount deal fails and expressed doubts about Paramount’s ability to secure the massive debt financing required for the leveraged buyout. WBD reaffirmed its commitment to a superior merger with Netflix.