The song remains the same: Warner Bros. Discovery has turned down the latest acquisition offer by David Ellison’s Paramount Skydance, and Wbd’s board is continuing to back the company’s deal with Netflix.

On Wednesday, Wbd officially responded to Paramount’s latest $30/share all-cash bid for all of Warner Bros. Discovery — its eighth takeover offer to date.

Paramount Skydance’s offer “is not more favorable to Wbd stockholders than the Netflix Merger and continues to be inadequate,” including because of its “insufficient value, taking into account price and numerous risks, costs and uncertainties,” Wbd said in an SEC filing,...See full article at Variety - TV News