Paramount Stands By WBD Offer Despite Board Rebuff
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By Dade Hayes
Dade Hayes
Business Editor
@dadehayes
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Peacock “Arrival Ads”, AI-Enabled Contextual Targeting For Live Sports Among NBCUniversal Ad Innovations Due At CES Warner Bros Discovery Urges Shareholders To Reject Paramount’s Hostile Bid Paramount is standing by its current proposal to acquire Warner Bros. Discovery, warning shareholders that embracing Netflix‘s offer would saddle them with a “heavily indebted, sub-scale linear business.” The David Ellison-led media company conveyed its position in a press release Wednesday, soon after WBD‘s board of directors recommended against the Paramount option. Neither party has changed its deal terms, though it is widely expected that Wednesday’s crossing of swords could usher in a new round of competitive bidding, nudging the ultimate acquisition price even higher.
Published: December 17, 2025 3:56 pm
Source: Deadline — Read original