Warner Bros. Rejects Paramount Bid
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Warner Bros. Discovery CEO David Zaslav said Wednesday that the regulatory review of Warner’s deal with Netflix has begun, even as Paramount mounts a hostile takeover bid. Two senators are now coming forward and pressing Attorney General Pam Bondi to recuse herself from the review of the deal.
Warner Bros. Discovery rejected the $30/share takeover bid from David Ellison's Paramount Skydance, with WBD unanimously backing the deal with Netflix.
Netflix plans to keep Warner Bros. independent and the teams heading the studios (like DC Studios' James Gunn and Peter Safran) in charge.