Warner Bros. Discovery Reportedly Spurns Multiple Paramount Acquisition Bids Amid Strategic Review
Warner Bros. Discovery has reportedly turned down three acquisition proposals from Paramount, with the latest bid valued just under $24 per share. The media giant is simultaneously fielding broad buyout interest while advancing plans to separate into two distinct entities, according to sources familiar with the matter.
Multiple Paramount Bids Rejected
Warner Bros. Discovery has reportedly rejected three separate acquisition offers from Paramount, according to sources familiar with the negotiations. The latest proposal was valued at just under $24 per share and consisted of approximately 80% cash, CNBC’s David Faber reported Wednesday. These developments come as Warner Bros. Discovery acknowledges receiving “unsolicited interest” from multiple parties.