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Warner rejects Paramount’s hostile takeover bid
Warner rejects Paramount’s takeover bid as “illusory,” raising doubts about financing and value for shareholders amid regulatory risks.
Warner rejects Paramount’s takeover bid as “illusory,” raising doubts about financing and value for shareholders amid regulatory risks.
Warner has officially rejected Paramount’s hostile takeover bid, calling the proposal “illusory” and raising serious doubts about the credibility of its financing. The board says the offer fails to deliver clear value for shareholders.
Paramount’s bid is being driven by Chief Executive David Ellison, whose family is the majority shareholder, but Warner remains unconvinced the structure or funding stack up. Paramount, however, insists its proposal is shareholder-friendly and says it could sweeten the deal before the expiry deadline.
Regulatory uncertainty and the risk of significant job losses are also looming large, adding further pressure to an already tense media showdown.
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