Paramount Sticks to $30/Share Offer for Warner Bros. Discovery After WBD Board Rebuffs Hostile Bid

For now, David Ellison’s Paramount Skydance is signaling that it will fight for the hearts and minds of Warner Bros. Discovery with the $30/share offer it has already put forward — and that it won’t go higher. After WBD’s board officially rejected Paramount’s offer, Paramount issued a statement saying it “affirmed its commitment to acquiring” […]